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. Photo: ReutersBeijing/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.

Source: Mint January 25, 2018 07:07 UTC