Qualcomm signs up to $12bln bargain with China’s highest phone brands

collected by :John Smith

The high-stake visit of US president trump to China has recorded positive results this day as the US phone chip producer Qualcomm reported non-binding memoranda of understanding (MoU) with 3 of China's highest phone makers: Xiaomi, OPPO and vivo. China's phone makers have been gaining momentums over the past few years not only in domestic however too the universal market. Along with the trend, phone chip industry is has seen powerful development in the country. The world's highest chip producer Qualcomm earns further than half of its revenues in China. "Qualcomm has longstanding relationships with Xiaomi, OPPO and vivo and we are continuing our commitment to investing and helping advance China's mobile and semiconductor industries," told Steve Mollenkopf, chief executive officer, Qualcomm Incorporated.

Qualcomm travels with donald trump to China, inks $12B bargain to supply highest Chinese phone makers

Qualcomm Chief Executive Steve Mollenkopf and officials from the Chinese phone firms products signed the memorandums of understanding in Beijing in a ceremony led with President of the People's Republic of China Xi Jinping and Trump. Qualcomm CEO Steve Mollenkopf was fraction of President Trump's section of Commerce Trade Delegation to China, which involved executives of leading American companies. (Oct. 9, 2017) (Sign up for our toll free vidimus newsletter here http://bit.ly/2n6VKPR) CAPTION Whirlpool accused Samsung and LG of dumping washing machines onto the unite states market at below fair-market prices. (Oct. 5, 2017) (Sign up for our toll free vidimus newsletter here http://bit.ly/2n6VKPR) Whirlpool accused Samsung and LG of dumping washing machines onto the unite states market at below fair-market prices. (Oct. 4, 2017) (Sign up for our toll free vidimus newsletter here http://bit.ly/2n6VKPR) CAPTION Sen. Elizabeth Warren (D-Mass.)

Qualcomm lands $12-billion nonbinding bargain to supply Chinese phone makers

according to Traveling with President donald trump on a trade mission to China, Qualcomm officials told late Wednesday that the firm has signed an agreement with Chinese smartphone makers Xiaomi, Vivo and Oppo to supply $12 bn in components over the following 3 years. Qualcomm Chief Executive Steve Mollenkopf and officials from the Chinese smartphone firms signed the memorandums of understanding in Beijing in a ceremony led with Xi Jinping, president of the People's Republic of China, and Trump. The announcement comes as Qualcomm readies to respond to what going to may be be a hostile $105-billon takeover bid from Broadcom. While Chinese smartphone brands are largely unknown to unite states consumers today, analysts believe China's smartphone makers have ambitions to purvey handsets worldwide in coming years. "I'm honored to represent Qualcomm as fraction of this important trade delegation, that showcases the importance of win-win business relationships among the unite states and China," Mollenkopf told in a statement.