Qualcomm denies to shut down Shanghai R&D Centre, plans to trim workforce

US chip-major Qualcomm has denied it is going to shut down its research and development facility in Shanghai, China.

The company, however, said “it does plan to downsize given uncertainties about the economy and demand,” the media reported.

Qualcomm told Chinese news service Yicai Global that it has no plans for large-scale job cuts at its Shanghai facility, which opened in 2010 and employs nearly 393 employees.