Cristiano Amon, president and CEO of Qualcomm Inc, said the US semiconductor company is committed to building new partnerships in China, on the basis of its nearly three-decade history in the country.

Amon made the comments at a forum of the Economic Summit of China Development Forum in Beijing on Saturday.

Amon said "Qualcomm has a long history in China that spans nearly three decades. We are proud of the deep relationships we have built over the past 30 years, and the new partnerships we are building today."

According to him, by providing technologies and semiconductors for wireless communications, advanced and power-efficient computing, and edge artificial intelligence, Qualcomm has worked closely with companies across industries and around the world – including in China – to innovate, advance the development of society, and drive economic growth.

"One of the most significant trends to have emerged in recent years is digital transformation. It has quickly become a strategic imperative for sustainable growth and innovation, unlocking greater operational efficiencies, increasing productivity, and enabling new business models and revenue streams – even in the current macro-economic climate," Amon said.

The rapid rise of digital transformation has made it a powerful engine for economic growth. The World Economic Forum estimates that more than 60 percent of 2022 global GDP depended on digital technologies.

"This transformation will require everyone and everything to be intelligently connected. This means ultra-fast and reliable connectivity to the cloud 100 percent of the time, and embedded processing and AI across an array of devices, as well as the proliferation of digital twins," Amon added.

According to him, 5G will enable AI to scale, allowing contextually rich data from the edge to be shared with other devices and the cloud.

"Processing AI on the device – or edge AI – is necessary for latency-sensitive applications, enhanced reliability, more efficient use of network and cloud resources, as well as keeping sensitive data on the device," Amon said.

As these technologies scale at the edge, they will impact virtually every industry, including automobiles.

"Automakers in China have been quick to embrace this vision. The pace of transition to digital has matched the rapid transition to electric vehicles. They are now among the global leaders in the evolution to connected, smart and efficient vehicles," Amon added.

The senior executive highlighted China's recent plan for the overall layout of the country's digital development, which is designed to accelerate the construction of digital China.

"We remain committed to providing our partners across mobile, personal computing, automotive, edge networking… and the broader internet of things, with the most comprehensive and advanced solutions to enable a thriving digital economy," Amon said.