Business
17:10, 25-Jan-2018
Qualcomm signs $2 billion sales MOUs with four Chinese firms
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Four Chinese companies have signed memorandums of understanding for sales worth at least 2 billion US dollars with Qualcomm Technologies Inc. of the United States.
The chip maker said Lenovo Group, Guangdong OPPO Mobile Telecommunications Corp, vivo Communication Technology and Xiaomi Communications had expressed an interest in buying Qualcomm components with a total value of no less than 2 billion US dollars over three years.
The non-binding agreement will be subject to further agreements and covers technology related to RF Front-End components, Qualcomm said in a statement on Thursday.
The companies unveiled the multi-year agreement at a Qualcomm-hosted event in Beijing, attended by the US firm’s chairman and its chief executive.
Source(s): Reuters