Tencent Technologies News reported that Qualcomm today announced that it is developing the next generation of "flagship mobile chips" for 5G mobile phones. The chip will incorporate Qualcomm's Snapdragon X50 modem and an unnamed 7-nanometer chip system solution.

5G will be the largest smartphone of growth momentum over the next ten years. It will create growth opportunities for chip maker Qualcomm, Ericsson, a communication equipment manufacturer, and mobile phone makers Samsung and Apple. In addition, 5G is also having great business opportunities in infrastructure and materials huge.