• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

Qualcomm CEO meets India’s PM Modi amid AI boom: here’s what it means

by October 12, 2025
by October 12, 2025

Qualcomm CEO Cristiano Amon met with Indian Prime Minister Narendra Modi on Saturday, as the Asian country looks to ride the wave of the global AI boom.

The meeting, which came on the sidelines of India Mobile Congress 2025, came as the Indian administration is looking for more partners in the chipmaking world and to boost the prospects of technical innovation in the country.

India’s PM Narendra Modi praised Qualcomm’s commitment to India’s semiconductor and AI ambitions, emphasizing the country’s vast talent pool and potential to drive technological innovation.

What Qualcomm CEO’s meeting with Indian PM means

The recent meeting between Qualcomm CEO Cristiano Amon and India’s Prime Minister Narendra Modi marks a big step for India’s tech and semiconductor ambitions, especially as the world races ahead in AI.

It really shows how India is becoming an important hub for advanced technology and innovation, particularly in semiconductor design and AI development.

Qualcomm, known globally for its 5G, AI chips, and mobile tech, signaling deeper collaboration is a strong vote of confidence in India’s push for a self-reliant semiconductor ecosystem and stronger AI capabilities.

For India, this partnership opens the door to cutting-edge technology and expertise, giving a real boost to domestic innovation in AI, telecom, and smart devices.

Qualcomm’s investments here are expected to grow research and development centers, create high-tech jobs, and offer skill-building opportunities, all crucial for long-term growth in the tech sector.

Plus, it fits perfectly with India’s larger vision of becoming a global semiconductor manufacturing hub, reducing reliance on imports and strengthening supply chains.

On top of that, Qualcomm’s push into cutting-edge tech, like AI-powered smart glasses and automotive AI, fits really well with India’s growing digital economy and smart infrastructure plans.

This partnership not only boosts India’s profile on the global tech stage but also makes the country even more attractive to foreign investors, while inspiring startups and innovators to push boundaries.

India’s AI future ambitions

The high-profile meeting came as India is looking at a leadership position in the artificial intelligence space.

The Narendra Modi-led government launched the ambitious IndiaAI Mission in 2024, with over ₹10,300 crore ($1.2 billion) set aside to build advanced AI infrastructure, including one of the world’s largest AI computing networks, with nearly 19,000 GPUs.

The mission is designed to support startups, researchers, and innovators, while also promoting ethical AI use and spreading AI literacy through programs like “AI for All.”

To tackle India’s unique challenges, the government has set up Centres of Excellence focused on areas like agriculture, healthcare, education, and sustainable cities, creating AI solutions tailored to real-world needs.

AI is also being integrated into India’s Digital Public Infrastructure, improving everything from public services to financial platforms.

With growing funding in the 2025 Union Budget and a clear roadmap for AI-driven job creation, India is aiming to become a global hub for AI talent and innovation by 2035, supercharging both economic growth and digital transformation.

The post Qualcomm CEO meets India’s PM Modi amid AI boom: here’s what it means appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Weekly wrap: Trump missing Nobel Peace Prize, UK PM’s India visit, AMD-OpenAI deal and more
next post
Trump starts week in Middle East, overseeing historic peace agreement

Related Posts

Morning brief: SpaceX moves closer to IPO as...

December 15, 2025

Nikkei 225 Index forecast as BoJ interest rate...

December 15, 2025

Alphabet set for fresh accounting boost as SpaceX...

December 15, 2025

Here’s why the IAG share price jumped ~40%...

December 15, 2025

Why South Africa’s Starlink-led satellite internet push is...

December 15, 2025

A household name falters: how Roomba maker iRobot...

December 15, 2025

Here’s why this FTSE 100 Index stock jumped...

December 15, 2025

SLV ETF stock analysis as silver prices momentum...

December 14, 2025

Apple stock seen entering ‘AI revolution’ in 2026:...

December 14, 2025

SpaceX to OpenAI: Mega IPOs set to debut...

December 14, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Silver volatility to continue in 2026; ING Group sees prices averaging $55/oz

    December 16, 2025
  • How IoT Devices Transform Data into a Reliable Source for Business Intelligence

    December 15, 2025
  • Privacy for the Powerful, Surveillance for the Rest: EU’s Proposed Tech Regulation Goes Too Far

    December 15, 2025
  • Trump’s ‘Broken Windows’ Economy

    December 15, 2025
  • Semiconductor Localization: How Regional Policies Are Reshaping IoT Hardware Supply Chains

    December 15, 2025
  • Morning brief: SpaceX moves closer to IPO as China slowdown weighs Asian markets

    December 15, 2025

Editors’ Picks

  • 1

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 2

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 7

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025

Categories

  • Economy (3,506)
  • Editor's Pick (361)
  • Investing (256)
  • Stock (2,381)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Commodity wrap: silver hits new record high,...

November 29, 2025

Google stock slides after Apple exec links...

May 8, 2025

Pony AI stock: Tencent news sends robotaxi...

April 26, 2025