The potential deals were signed during U.S. President Donald Trump’s visit to Beijing. Their potential worth is difficult to assess since they are non-binding.

On Thursday, the U.S. State Department stated that Qualcomm Inc has signed potential deals worth $12 billion with three Chinese mobile handset makers on the sidelines of U.S. President Donald Trump’s visit to Beijing.

Qualcomm has signed three non-binding memorandum of understanding (MOUs) to sell components over 3 years to Chinese smartphone makers, OPPO, Xiaomi, and Vivo.

Earlier this week, Qualcomm, which earns more than 50%% of its revenues from China, has been the target of a takeover by rival chipmaker Broadcom Ltd.

The company is also staring at a lengthy legal battle with Apple Inc over patent fee charges.

Categories: Creativity, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy

Tags: Asia tour, Beijing, Broadcom Ltd, China, Chinese, Donald Trump, M&A, mergers and acquisition, mobile handset makers, non-binding agreements, Oppo, potential deals, smartphone makers, takerover, U.S. President, Vivo, Xiaomi