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Sao Paulo, Feb. 12, 2018: Chip maker Qualcomm has signed an agreement with the provincial government of São Paulo, Brazil to set up a factory under a joint venture with Taiwanese company USI focused on production of processors geared at IoT applications.
Qualcomm has been eyeing the Latin American market for some time now. It plans to start manufacturing activities in 2020. In addition, the company has also announced its intentions to launch a reference center for the development of smart cities products in Brazil.
The R&D center will be built under a public-private partnership with a local university or research center that is yet to be selected.