New Delhi, February 18 Global chip major Qualcomm Incorporated plans to invest up to USD 150 million, or approximately INR 1,360 crore, to support India's rapidly expanding technology and AI startup ecosystem, the company said on Wednesday.
The investments will be made through Qualcomm Ventures and will be allocated to startups across all stages, with a particular focus on AI for automotive, IoT, robotics, and mobile, the company said in a statement.
"Qualcomm Incorporated... announced its intention to invest up to USD 150 million to support India's rapidly expanding technology and AI startup ecosystem," the statement said.
The announcement comes as Qualcomm CEO Cristiano Amon participated in the India AI Impact Summit in New Delhi.
"Through our new Strategic AI Venture Fund, Qualcomm is investing in companies that are advancing the next chapter of AI in India," Amon said.
He stated that AI is entering a new phase where intelligence is being built directly into devices and systems that people rely on every day, from smartphones and PCs to cars, industrial machines, robots, and more, delivering richer and more meaningful experiences.
"This shift will reshape entire industries, and India's startup ecosystem has a critical role to play as edge AI drives innovation across sectors," Amon said.
