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US tech companies like Qualcomm and Ford hope to bolster cooperation with China

With CES 2020 having just concluded, many companies have come forward pushing prospects for future cooperation and exchanges with Chinese companies very soon. Qualcomm President Cristiano Amon claims he is “super excited” about Qualcomm’s business in China. The company hopes to continue their successful partnerships with Chinese companies like Xiaomi, OPPO, OnePlus and vivo.

“We are not backing down on our China cooperation. We’re increasing our cooperation in resources towards or partnerships in China in the 5G transition,” claimed Amon. This partnership, according to Amon, allows Chinese partners to not only grow in domestic consumption, but also expand outside China, making it very mutually beneficial for both parties involved.

US tech companies like Qualcomm and Ford hope to bolster cooperation with China
Qualcomm Snapdragon 865

Josh Cross, founder and CEO of American power and tracking technology company Elios, told Xinhua the company’s cooperation with China dates back to 2015. Elios’ software design is done in the United States and the hardware part is done in China. Currently it is cooperating with three Chinese companies in GPS products, power, and sourcing, Cross said.

China has very good infrastructure, years of experience and high efficiency, he said. Elios also expects to cooperate with more Chinese partners in the near future. Ford Motor also plans to step up its business in China. The company’s new all-electric Mustang Mach-E SUV, will be on show in the Chinese market in April this year, and be available in the Chinese market next year, according to the company.

“Ford plans to further enhance cooperation with China in the five years to come, explore local strategic partners for joint innovation,” she said. Some tech companies value China’s huge market, manufacturing and labor costs, while some others value China’s innovation technologies, and its geological location which can be considered as a logistics hub towards southeast Asian countries.

You can find more CES2020 coverage from here.

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