Recently, Longcheer Technology announced that Qualcomm Ventures LLC, a subsidiary of Qualcomm Inc.—a global leader in connectivity and computing innovation—invested in Longcheer's Hong Kong IPO. This landmark collaboration, built on nearly two decades of close cooperation, takes the large-scale explosion of on-device AI as a new starting point, propelling both parties into a new phase of in-depth strategic partnership.

Dr. Du Junhong, Chairman of Longcheer Technology, stated: "Over the past 20 years, our relationship with Qualcomm has been rooted in shared innovation, technical alignment, and consistent collaboration. Qualcomm's participation in our IPO affirms the long-term relationship and reinforces our joint commitment to advancing on-device AI. Looking ahead, Longcheer will continue to work closely with Qualcomm to bring high-performance, scalable products to market and support the broader industry ecosystem.”

Frank Meng, Chairman of Qualcomm China, said: "Qualcomm is pleased to support Longcheer as the company continues its next stage of growth. Entering the new AI era, we look forward to deepening our cooperation, combining our strengths in connectivity and on-device AI, and accelerating innovation across a wide range of devices.”

I. Qualcomm: R&D-First, Making Intelligent Computing Ubiquitous

Qualcomm is a global leader in mobile communications and intelligent computing, with impact extending beyond traditional smartphones. Its technologies and products widely empower diverse fields such as PCs, XR, automotive, and the Internet of Things, providing solid and reliable support for the intelligent and digital transformation of thousands of industries.

Meanwhile, through launching key industrial initiatives such as the "5G Pioneer Initiative," "5G IoT Innovation Initiative," and "AI Acceleration Initiative," Qualcomm collaborates with ecosystem partners including operators, OEM brands, ODM manufacturers, and software partners to continuously expand industrial boundaries, amplify synergy effects, and build a prosperous and dynamic innovation ecosystem.

II. Reviewing the Win-Win Journey: Fruitful Achievements of Nearly 20 Years of Long-Term Cooperative Innovation

Since the beginning of their cooperation, Longcheer and Qualcomm have established a relationship built on technological complementarity and strategic mutual trust.

Technological Complementarity for Efficient Deployment：Qualcomm provides leading technical support including mobile platforms, computing platforms, and XR platforms. Longcheer, with its comprehensive ODM capabilities and profound experience covering smartphones, AI PCs, XR, smart wearables, automotive electronics, and other fields, achieves in-depth optimization and rapid adaptation of Qualcomm's multi-level Snapdragon platforms. This efficient collaboration ensures that cutting-edge technologies can quickly move from R&D innovation to scaled mass production and be precisely delivered to global markets.

Strategic Alignment to Explore New Frontiers：From each communication revolution spanning 3G, 4G and 5G, to the forward-looking positioning of emerging domains such as AI PCs, XR, and intelligent connected vehicles, the strategic pacing of both parties has always been highly aligned with global industrial development trends. This strategic alignment has not only significantly shortened product time-to-market but has also ensured that both parties maintain a leading competitive edge as consumer electronics expand into broader industrial-scale markets. In 2024, Longcheer ranked first globally in smartphone ODM shipments with 173 million units; its overall consumer electronics ODM shipments ranked second globally with a 22.4% market share. Shipments of tablets, smart wearables, and other ODM products also ranked among the top in the industry.

Ecosystem Cooperation for Global Win-Win：The close cooperation between the two parties has greatly expanded the breadth and depth of the ecosystem reach of the Snapdragon technology platform. Together, the two parties have advanced the adoption of technologies such as advanced connectivity and AI computing across a wider range of terminal devices, contributing to the prosperity of the global intelligent terminal industry.

III. Looking Ahead to a New Era: Jointly Embracing the Broad Opportunities of On-Device AI

AI is rapidly reshaping user experiences and driving new forms of intelligent computing. As on‑device AI technologies mature, Longcheer and Qualcomm will continue expanding their collaboration in key areas:

Joint Product Innovation：Both parties will continue to collaborate on Snapdragon-based AI PCs, wearables, and emerging AI-enabled device categories.

Ecosystem Synergy：As a core partner of Qualcomm's "AI Acceleration Initiative," Longcheer will work with Qualcomm to explore new applications for on-device AI.

Capital as a Strengthened bond：Qualcomm's participation in Longcheer's Hong Kong IPO strengthens the foundation for continued joint innovation.

About Longcheer Technology

Founded in 2002, Longcheer Technology is a technology enterprise engaged in the R&D, design, production, and manufacturing of intelligent products. With over 20 years of deep involvement in the industry, the company has grown into a world-leading provider of intelligent products and services, forming a comprehensive product layout covering smartphones, AI PCs, automotive electronics, tablets, smart watches/bracelets, smart glasses, and other categories. Its business spans multiple countries and regions, providing professional comprehensive services for global leading consumer electronics brands and world-class technology enterprises.

Headquartered in Shanghai, Longcheer has seven R&D centers located in Shanghai, Shenzhen, Huizhou, Nanchang, Hefei, Xi'an, and Suzhou. It also has manufacturing centers in Huizhou, Nanchang, Vietnam, and India, enabling global product delivery capabilities, with branches in the United States, South Korea, Japan, Hong Kong (China), and Singapore. (Stock Code: 603341.SH/ 09611.HK)

In the future, Longcheer will continue to focus on the intelligent product field, concentrate on technological and product innovation, continuously improve operational efficiency and competitiveness, accelerate AI integration, and continue to provide high-quality services for global leading customers and create greater value for society.