Qualcomm CEO, Steve Mollenkopf has claimed that 5G will represent a revenue opportunity of around $12 trillion by 2035. Mollenkopf made the statement when he was delivering his keynote address at Mobile World Congress Shanghai. However, the CEO of the global chip giant did express his belief that we have to utilize 4G technology. He said it was imperative we made the most of 4G and focused particularly on new gigabit LTE networks.

Read more: MWC Shanghai - Qualcomm CEO claims 5G will provide a $12 trillion revenue opportunity by 2035

ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, announced the company successfully completed tests in seven major scenarios that are part of the second phase of China’s National 5G tests, setting multiple new records for network speeds and performance.

Read more: ZTE set new records for speed and performance in second phase of China’s National 5G Tests

South Korean conglomerate Samsung Electronics has announced its plans to invest 21.4 trillion won ($18.6 billion) into South Korea in an effort to strengthen and extend its lead in memory chips and next-generation displays for smartphones. Samsung has claimed that the investment could create up to 440,000 new jobs from now until 2021 – which would significantly boost the South Korean economy.

Read more: Samsung to create 440,000 new jobs with $18.6 billion investment in South Korea

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, hosted a 5G industry summit on the opening day of MWC Shanghai focusing on innovation, practice, collaboration and a win-win strategy to promote the healthy and sustainable development of the 5G industry. With the aim of exploring new industry requirements and building a new 5G ecosystem, key industry organisations (e.g. the China IMT-2020 (5G) Promotion Group, Telefonica, SoftBank, China Mobile, China Unicom, China Telecom, Intel, and Qualcomm), world-leading carriers and chip vendors attended the summit and shared their views on 5G industry collaboration, spectrum collaboration, unification of standards, technological innovation, commercial practice and industry applications.

Read more: ZTE’s 5G industry summit promotes innovation, practice and collaboration at MWC Shanghai

SK Telecom CTO, Alex Jinsung Choi, has claimed that whilst AI (Artificial Intelligence) will undoubtedly play a critical role in enhancing 5G networks – the technology itself still has a long way to go. SK Telecom’s CTO was speaking ahead of a VR and AR summit at Mobile World Congress Shanghai. (MWCS 2017)

Read more: MWC Shanghai – SK Telecom CTO claims AI will play crucial role in enhancing 5G networks

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, unveiled its Carrier DevOps 2.0 solution and demonstrated how customized network slicing can help operators build more powerful and open networks.

Read more: ZTE unveil Carrier DevOps Builder aimed to accelerate innovations at MWC Shanghai

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