Qualcomm confirms it is downsizing in China

Qualcomm plans to downsize its business in China amidst concerns over the economic situation and demand uncertainties, it emerged late last week.
However, the US-based chipmaker denied a rumour that it will close down its R&D centre in Shanghai, according to local financial news outlet Yicai.
The business publication contacted Qualcomm following what it describes as Internet reports that claimed the Shanghai facility was for the chop, a move that would bring about large-scale job losses. Qua