Qualcomm and Telefónica Collaborate to Build the Future of XR and Metaverse » PACA’s Economic and Political Newsletter

Announced by Telefónica and Qualcomm Technologies, Inc. a collaboration to strengthen their leadership position in the future of XR and Metaverse.

Together, they will work to develop and improve the XR ecosystem, using the Snapdragon Spaces™ XR developer platform and Telefónica’s advanced fixed and mobile network infrastructure. The agreement also includes the exploration of joint business opportunities and the launch of XR/metaverse products and services. Telefónica sees many possibilities in the combination of immersive devices with powerful networks and decentralized Web3 technologies. This agreement paves the way for new experiences for customers by combining the digital and analog worlds, redefining commerce, entertainment and communication in the Metaverse. Qualcomm Technologies introduces Snapdragon Spaces, a platform that enables developers to unlock the full potential of wearable AR through cutting-edge technology, a cross-device development kit, and an open XR ecosystem. Developers can create new experiences that drive the next generation of immersive technologies. In this regard, the two companies are working to integrate the Snapdragon spaces with different initiatives that are part of the Telefónica Innovation and Talent Hub, such as its headquarters and open innovation programs, and the 42 computer programming campus. This will help develop the Snapdragon Spaces ecosystem and promote the development of new XR products and services, which Telefónica can test and sell to residential and business customers. Daniel Hernández, Vice President of Devices & Consumer IoT at Telefónica, commented: “XR will bring a new dimension to the digital world and the real world, enabling people to communicate, do business, socialize and have fun in a new way. We are preparing for this future, by building the infrastructure, strengthening the skills of the teams, improving our services and establishing partnerships that will allow us to offer new devices and services to our customers. Qualcomm Technologies has been instrumental in every stage of our industry’s development and our collaboration with Snapdragon Spaces will help drive the growth of the emerging XR ecosystem and bring to life the next evolution of the Internet, the Metaverse.” Dino Flore, Vice President of Technology at Qualcomm Europe, Inc. said, “XR will change the way we live, work and interact. At an important time in the development and deployment of this technology, we are pleased to partner with Telefonica to develop the active community developing the ecosystems of the future through Snapdragon Spaces, which we believe will unlock the power of XR. and take it to the next level. * Snapdragon and Snapdragon Spaces are trademarks or registered trademarks of Qualcomm Incorporated.Snapdragon Spaces is a product of Qualcomm Technologies, Inc. and/or its affiliates.
About Qualcomm

Qualcomm is the global innovator in wireless technology and the driving force behind the development, launch and expansion of 5G. When we connected the phone to the Internet, the mobile revolution was born. Today, our founding technologies enable the mobile ecosystem and appear in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, IoT and computing, and lead the way to a world where everyone and everything can communicate and interact seamlessly. Qualcomm Incorporated includes our licensing business, QTL, and the majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, performs, together with its subsidiaries, substantially all of our engineering, research and development functions, and most of our product and service businesses, including our QCT semiconductor business. About Telefonica Telefónica is one of the world’s leading providers of telecommunications services. The company offers fixed and mobile connectivity services, as well as a wide range of digital services for individuals and businesses. It is present in Europe and Latin America, where it has more than 365 million customers. Telefónica is a fully private company whose shares are listed on the Spanish stock exchange and the New York and Lima stock exchanges.

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