Qualcomm has participated in the CIFTIS for three consecutive years and worked with partners to create a digitally connected future

Xia Quan, Global Vice President of Qualcomm, delivered a speech at the "Global Services Trade Entrepreneurs Summit - The Power of Innovation" of the 2022 CIFTIS

In addition, Xia Quan, global vice president of Qualcomm, emphasized at the "Global Services Trade Entrepreneurs Summit-The Power of Innovation" event of the Services Trade Fair that "Since its establishment, Qualcomm has always adhered to the 'invention-sharing-collaboration' business model, which has become an important source of Qualcomm's innovative power, accelerating the development of the entire ecosystem and enabling all walks of life to achieve transformation and upgrading." Speaking of the value and enabling role of digital technology, Xia Quan pointed out that the continuous maturity and popularization of digital technologies such as 5G and artificial intelligence will give rise to massive digital needs . Innovation is crucial, especially the disruptive innovation brought about by digital technology, which will give rise to a large number of new forms and models of service trade, and continue to enable the upgrading and transformation of traditional industries including service trade. He firmly believes that in the future, Qualcomm will rely on the power of continuous innovation to work with partners to build a strong ecosystem to help China's digital economy and service trade develop with high quality.

Innovation and cooperation are driving the development of the new era of digital economy. Over the years, Qualcomm's extensive and in-depth cooperation with Chinese industry ecosystem partners has been widely recognized while creating rich economic value and social benefits. After the "5G Pilot Program" and "5G Internet of Things Innovation Program" jointly launched by Qualcomm and its partners in 2020 and 2021 were successively awarded the "Service Demonstration Case Science and Technology Innovation Award", this year, Qualcomm's cooperation with Wuxi partners in the field of 5G+ smart medical care has also been selected as a science and technology innovation demonstration case of this year's CIFTIS.

Connecting to a green future together: Qualcomm is taking action

Compared with previous sessions, the 2022 CIFTIS not only emphasizes the new elements of digital technology, but also highlights the theme of "dual carbon" to lead the way towards a green future. Qualcomm has long been committed to addressing the environmental, social and economic impacts of climate change through its own R&D activities, product design and operations, and announced in 2021 the goal of achieving net zero emissions by 2040. Qualcomm is committed to improving the sustainability of the technology it develops and reducing the power consumption of each flagship Snapdragon mobile platform by at least 10% per year. In China, through the implementation of various energy-saving plans and projects, Qualcomm's Wuxi plant reduced electricity usage by approximately 2.8 million kWh in fiscal 2021, successfully reducing carbon dioxide emissions by more than 2,000 tons (tCO2e).

The new generation of information and communication technologies represented by 5G not only enable the digital transformation of the entire industry, but also play an increasingly important role in accelerating the process of energy conservation and emission reduction and protecting the global natural ecology. Qualcomm Global Vice President Hou Mingjuan will also attend the "ESG and Sustainable Investment International Forum" of the Services Trade Fair to share Qualcomm's practical results in actively promoting corporate social responsibility and ESG work around the world as a wireless technology innovation company and a company that actively fulfills its social responsibilities.

The digital economy is the future development direction of the world, and its role as a "stabilizer" and "accelerator" of the global economy is becoming increasingly prominent. According to the data from the China Academy of Information and Communications Technology, the scale of China's digital economy will reach 45.5 trillion yuan in 2021; at the same time, digital trade has also become a key driver of global trade growth. From 2011 to 2020, the compound growth rate of global digital service trade reached 4.4%. Qualcomm has participated in the CIFTIS for many years, showcasing its cutting-edge technological achievements and latest cooperation practices in the field of digital service trade. At the same time, it will continue to work with Chinese partners to build an open innovation ecosystem and contribute to the open development of the digital economy and service trade with a firm force of innovation and cooperation.