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The announcement was made at the company’s annual 5G Summit in Hong Kong by Qualcomm’s Senior Director of Product Management, Pankaj Kedia:

“We have seen public announcements from some of our competitors that they are exiting the wearables space,” he said. “Qualcomm is doubling our investment, because we are winning today and we intend to continue. We’re just getting started. Over the next two to three years, you will really see growth around all of this.”

The company is currently focused on finding ways to address smartwatch battery life and says it is working on the next generation of processors for such wearable devices.

“We are working on the next generation,” said Kedia. “The power will be lower. The size will be smaller. The sensors will be smarter. Connectivity will be more seamless. More options. And of course security that you expect.”

According to the company, it has more than an 85% market share of the Android Wear space – the version of Google’s Android operating system designed for smartwatches and other wearables. Kedia noted that the wearables technology space is not just about smartwatches: “When we think about wearables, we think about head to toe.”

Qualcomm

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