Qualcomm to Invest $40M in Chinese Startups

SAN DIEGO -- Qualcomm Incorporated (QCOM) today announced that it and its subsidiaries have committed to invest an aggregate of $40M into four Chinese companies and the China Walden Venture Investments, L.P. fund, which is primarily focused on investing in semiconductor or semiconductor-related companies with business in China. Qualcomm is pleased to announce that 7Invensun, an eye-tracking solution provider; Chukong Technologies, a mobile entertainment platform provider; inPlug, a smart home device/platform solution provider; Unisound, a voice recognition and processing technology provider; and the China Walden Ventures Investment are all expected to be funded through the Company's $150 Million strategic China venture fund that was announced earlier this year.

The selected companies were strategically chosen for their innovative work on mobile and wireless technologies:

7Invensun focuses on research and development of eye-tracking technology, widely applied in the field of medical & health, virtual reality and movie entertainment, providing a new generation of human-machine interaction experience for enterprises and individuals.

Chukong Technologies operates an innovative mobile entertainment platform, offering a full suite of solutions and services to enable developers worldwide to efficiently develop, publish and monetize content and providing a highly engaging mobile entertainment experience to users.

inPlug is a smart home platform solution provider, whose key technology is centered on network virtualization utilizing Software Defined Network, with which comprehensive smart control on home network can be realized. Its current 'Light Smart Home' devices series includes smart plug, smart switch, and infrared control sticker.

Unisound has launched a series of voice recognition service middleware and platforms, which have been widely deployed in mobile Internet, smart appliance, wearables, on-car navigation, healthcare, education, and call centers by providing professional voice recognition service to enterprises and consumer users.

Qualcomm Inc. (Nasdaq: QCOM)