# Qualcomm’s joint venture with Chinese province to shut down: Report (HT Tech) > The joint venture, Huaxintong Semiconductor (HXT), was formed in 2016 for the design, development and sale of advanced server technology. # Qualcomm’s joint venture with Chinese province to shut down: Report ## The joint venture, Huaxintong Semiconductor (HXT), was formed in 2016 for the design, development and sale of advanced server technology. Apr 19 2019, 13:41 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![The development follows a report from earlier this month, which said the venture’s chief executive had been replaced and that its work on future chips had either slowed or stalled.](https://images.hindustantimes.com/tech/rf/image_size_960x540/HT/p2/2019/04/19/Pictures/combo-us-it-telecoms-apple-qualcomm_a9d66048-627a-11e9-bb04-32a78a0b0bbe.jpg) The development follows a report from earlier this month, which said the venture’s chief executive had been replaced and that its work on future chips had either slowed or stalled. (AFP) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By REUTERS A joint venture between U.S. smartphone chipmaker Qualcomm Inc and China's Guizhou province will shut down by the end of the month, The Information reported on Friday, citing employees at the venture. The joint venture, Huaxintong Semiconductor (HXT), was formed in 2016 for the design, development and sale of advanced server technology. Executives at the venture said in internal meetings on Thursday that it would close by April 30, The Information said, adding that Qualcomm and Guizhou province had invested a combined $570 million in HXT as of August 2018. Also read click here. The development follows a report from earlier this month, which said the venture's chief executive had been replaced and that its work on future chips had either slowed or stalled. Qualcomm did not respond to a request for comment outside regular U.S. business hours. 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