Qualcomm[1] has signed memorandums of understanding for sales worth at least $2 billion (roughly Rs. 12,700 crores) with Lenovo[2], Guangdong Oppo Mobile Telecommunications[3], Vivo Communication Technology[4], and Xiaomi Communications[5].
The Chinese firms expressed an interest in buying Qualcomm components with a total value of no less than $2 billion over three years, the US chip maker 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 US firm's chairman and its chief executive.
© Thomson Reuters 2018...
References
- ^ Qualcomm (gadgets.ndtv.com)
- ^ Lenovo (gadgets.ndtv.com)
- ^ Guangdong Oppo Mobile Telecommunications (gadgets.ndtv.com)
- ^ Vivo Communication Technology (gadgets.ndtv.com)
- ^ Xiaomi Communications (gadgets.ndtv.com)