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.