Qualcomm To Invest $150M In Startups In India

San Diego-based Qualcomm is planning to invest $150M in startups in India, the company said this weekend in an event with India's Prime Minister, Narendra Modi. According to Qualcomm, the investment will be directed by Qualcomm Ventures. Qualcomm said the move is part of supporting Modi's vision "to transform India into a digitally empowered society and knowledge economy." Qualcomm said it already has investments in more than 20 Indian companies, which it has made since 2007.