BEIJING: US chipmaker Qualcomm Inc said it has appointed old-hand Frank Meng as its chairman for China, a market which accounts for half of the company's overall revenues but where it has hit rough patches in recent times.
Qualcomm also said Wang Xiang would leave his role as president of Greater China. Wang will head for Chinese smartphone maker Xiaomi Inc, the Beijing-based five-year-old upstart, which was valued at US$45bil (RM167.97bil) in December, announced in a separate statement.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!