Qualcomm signs $12 billion in China deals amid Donald Trump visit
Beijing: Qualcomm Inc. has signed $12 billion worth of potential deals with three Chinese mobile handset makers on the sidelines of a state visit to Beijing by US President Donald Trump who has been looking to stir up US-China trade.
Qualcomm signed three non-binding memorandum of understanding (MOUs) to sell components over three years to phonemakers Xiaomi, OPPO and Vivo, the US Department of State said in a statement on Thursday.
Qualcomm, which earns more than half of its revenues in China, became the takeover target of rival chipmaker Broadcom Ltd earlier this week. It is also facing a lengthy legal battle with Apple Inc. over patent fees it charges. Reuters
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