Qualcomm predicts that by 2035, China's 5G value chain will contribute nearly 10 billion yuan in economic value

Recently, at the 2021 Annual Meeting of the China Development Forum, Qualcomm CEO Steve Mollenkopf said in his speech that Qualcomm expects China's 5G value chain to contribute nearly 10 billion yuan in economic value by 2035.

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Steve Mollenkopf pointed out that 5G will have a far-reaching impact, just like the widespread use of electricity. With the empowerment of 5G, connectivity will benefit more industries from manufacturing to medical care, and ultimately transform the global economy.

According to a study commissioned by Qualcomm and conducted by IHS Markit, China's 5G value chain will contribute nearly 10 billion yuan in economic value and create nearly 13 million jobs by 2035.

In addition, he also said that with the application of ultra-reliable, low-latency connections in industrial automation and control, 5G will drive the future development of manufacturing and Industry 4.0. This is the beginning of disruptive changes in the next few decades and will bring unimaginable innovations.

The development speed of 5G is beyond imagination, and the world's leading operators are developing 5G commercial deployment at an unprecedented speed. 5G is not just a network, but will become the infrastructure of an entire ecosystem of fully interconnected smart sensors and devices, which can completely reform economic and business policies and provide seamless and continuous connectivity for business applications.