Page 478 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

Qualcomm Technologies Joins UAE’s NextGen FDI

Programme To Advance 5G, AI, And IoT Innovations

By OneArabia
Published: Wednesday, February 19, 2025, 15:14 [GST]

The UAE Ministry of Economy has revealed that Qualcomm Technologies, Inc. has joined its
NextGen FDI initiative. This programme, started in 2022, aims to attract tech-focused companies to
the UAE. Qualcomm has now set up operations in Abu Dhabi and is increasing its collaboration with
local ecosystem participants.

Qualcomm Technologies, based in San Diego, California, is a key player in wireless technology and
semiconductors. The company has been instrumental in advancing 3G, 4G, and 5G technologies as
well as high-performance computing and AI. Recently, it partnered with UAE-based AI firm G42 to
integrate its Cloud AI products into G42’s Core42.

Alongside establishing a presence in Abu Dhabi, Qualcomm Technologies will contribute to the
NextGen FDI initiative through Qualcomm Ventures. This investment arm focuses on early to
growth-stage companies across sectors like 5G, AI, automotive, IoT, and Cloud and Enterprise. The
collaboration involves evaluating and potentially investing in promising startups within the initiative.

https://www.onearabia.me/business/qualcomm-joins-uae-nextgen-fdi-programme-
advancements-5g-ai-iot-011-99381.html