China world’s 5G leader by market deployment, major investor in emerging technology: u-blox CEO
Summary
U-blox serves about 1,000 customers in China, with about 100 million of its integrated circuits (ICs) and modules installed in in-car navigation facilities, entertainment systems, gas and water meters, payment terminals and telecommunications infrastructure. China is leading in the international 5G development race, with user rates of the network in the country expected to reach 576 million by 2025, representing more than 40 percent of global use, according to an EY report released in June. Commenting on the rising uncertainties in world economic and trade relationships, the CEO said that ICs represent a global industrial chain. He predicted China will see meaningful realization in the 5G sector by 2020 or later, and noted that his company faces no access issue in entering the vast Chinese market. Newspaper headline: China world’s 5G leader by market deployment, major investor in emerging technology: u-blox CEO
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