Qualcomm signs USD 2 billion sales MOUs with Lenovo, Xiaomi, Vivo and OPPO

The Chinese firms expressed an interest in buying Qualcomm components with a total value of no less than $2 billion over three years, the U.S.chipmakerr said on Thursday.

Published: 25th January 2018 10:51 AM  |   Last Updated: 25th January 2018 10:52 AM   |  A+A-

A Qualcomm sign is pictured at one of its many campus buildings in San Diego. (Photo | Reuters)

By Reuters

REUTERS: Qualcomm Technologies Inc has signed memorandums of understanding for sales worth at least $2 billion with Lenovo Group, Guangdong OPPO Mobile Telecommunications Corp, Vivo Communication Technology and Xiaomi Communications.

The Chinese firms expressed an interest in buying Qualcomm components with a total value of no less than $2 billion over three years, the U.S.chipmakerr said on Thursday.

The non-binding agreement will be subject to further agreements and covers technology related to RF Front-End components, it said in a statement.

The companies unveiled the multi-year agreement at a Qualcomm-hosted event in Beijing, attended by the U.S. firm's chairman and its chief executive.

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