Qualcomm signs 3 non-binding MOUs with Oppo, Xiaomi and Vivo

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.

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

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