Qualcomm to introduce 5G technology chips for cheaper smartphones

On Tuesday, Qualcomm Inc said that it is putting 5G technology into chips for smartphones. These chips will sell for $300 and are expected to come out in the market in the next half of this year.

Qualcomm is a San Diego-based company and the biggest supplier of processors for smartphones and modern chips that connect mobile devices to wireless data networks.

The chips will feature 5G cellular telecommunications technology and are already present in many premium-priced smartphones like Samsung Electronics Co Ltd’s Galaxy devices.

Qualcomm is also working on introducing the chip to cheaper smartphones. The new chip, Snapdragon 690, that will cost $300 to $500. Brands like Nokia, LG Electronics and Lenovo Group plan on using this chip in their smartphones.

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