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Home >Companies >Qualcomm signs $2 billion sales MoUs with Lenovo, Xiaomi, Vivo and Oppo

Beijing/Bengaluru: Qualcomm Technologies Inc. has signed memorandums of understanding for sales worth at least $2 billion with Lenovo Group, Guangdong Oppo Mobile Telecommunications Corp, Vivo Communication Technology and Xiaomi Communications.

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. Reuters

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