Qualcomm launches new chip to power 5G smartphones

Qualcomm Inc introduced its second-generation of so-called modem chips to connect phones to 5G networks, speeding up the race around faster wireless data connections expected to begin rolling out later this year. Qualcomm, the world's largest mobile chip supplier, is hoping the device will fuel the spread of 5G phones later this year and next year. While Chinese phone makers such as Xiaomi Corp last year used Qualcomm's first-generation chip for small batches of 5G phones, the second-generation chip is aimed at mass production. The move comes a day before Samsung Electronics Co Ltd, the world's largest smart phone maker, is set to announce its new flagship Galaxy series phones. Samsung and Qualcomm in December publicly committed to working together to release a 5G phone this year, and analysts believe Samsung will unveil a 5G version of its flagship models this week.