Qualcomm has announced plans to invest up to $150 million in a new fund to support artificial intelligence startups in India.
During the India AI Impact Summit in New Delhi, Qualcomm CEO Cristiano Amon announced the company’s strategy to support emerging AI companies across the country. By announcing this AI-focused investment fund, Qualcomm aims to accelerate innovation, foster local talent, and strengthen India’s position as a global technology hub.
The investments will be channelled through Qualcomm Ventures, targeting startups at every stage of growth, with a strong emphasis on AI applications in automotive, IoT, robotics, and mobile technologies, the company said in a statement.
India has quickly emerged as one of the world’s largest artificial intelligence markets by user base. Global technology leaders, including OpenAI, are increasingly focusing on Indian consumers with competitively priced AI-powered services and subscription offerings. This rising demand highlights the country’s expanding digital infrastructure and growing interest in advanced technologies such as machine learning, generative AI, and data-driven platforms.
Qualcomm already has a substantial presence in India, employing over 20,000 people across three key cities. The company plays an important role in the nation’s semiconductor and mobile technology ecosystem, supporting research, development, and innovation. The newly announced $150 million AI fund is expected to further strengthen Qualcomm’s engagement with India’s dynamic startup landscape, particularly in AI chips, edge computing, and next-generation wireless solutions.
