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Qualcomm inks deals with Chinese companies

by on09 November 2017

Worth $12 billion over next three years

Qualcomm has signed three non-binding memoranda of understanding (MoU) with three Chinese companies worth $12 billion over three years.

The deal was signed with Xiaomi, Guangdong Mobile Telecommunications and Vivo Communication for components with an aggregate value of no less than $12 billion over the next three years.

The MoUs were signed at a ceremony at the Great Hall of the People in Beijing led by President of the People’s Republic of China Xi Jinping and President of the United States Donald Trump.

Qualcomm CEO Steve Mollenkopf was part of President Trump’s Department of Commerce Trade Delegation to China, that included executives of leading American companies.

Mollenkopf said he was honoured to represent Qualcomm as part of this important trade delegation, which showcases the importance of win-win business relationships between the US and China.

“Qualcomm has longstanding relationships with Xiaomi, OPPO and vivo and we are continuing our commitment to investing and helping advance China’s mobile and semiconductor industries.”


Last modified on 09 November 2017
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