Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), today announced that it has signed 3 non-binding memoranda of agreement (MoU) wherein Xiaomi Communications Co., Ltd., Guangdong OPPO Mobile Telecommunications Corp., Ltd. in addition to vivo Communication Technology Co., Ltd. each expresses a nonbinding involvement inwards the buy of components with an aggregate value of no less than $12 billion over the side yesteryear side 3 years. The MoUs were signed at a ceremony at the Great Hall of the People inwards Beijing led yesteryear President of the People’s Republic of PRC Xi Jinping in addition to President of the U.S.A. Donald Trump. Qualcomm CEO Steve Mollenkopf was component of President Trump’s Department of Commerce Trade Delegation to China, that included executives of leading American companies.
Xiaomi CEO Lei Jun, OPPO CEO Chen Mingyong in addition to vivo CEO Shen Wei attended in addition to signed for their respective companies.
“I’m honored to stand upwardly for Qualcomm equally component of this of import Trade delegation, which showcases the importance of win-win trouble organisation relationships betwixt the US in addition to China,” said Steve Mollenkopf, principal executive officer, Qualcomm Incorporated. “Qualcomm has longstanding relationships with Xiaomi, OPPO in addition to vivo in addition to nosotros are continuing our commitment to investing in addition to helping advance China’s mobile in addition to semiconductor industries.”
Qualcomm Technologies has been supporting the Chinese mobile ecosystem for virtually 25 years in addition to continues to expand its investments in addition to projects inwards China, establishing a release of branches, articulation ventures in addition to R&D centers inwards Guizhou, Shanghai in addition to Shenzhen, with others.
About Qualcomm
Qualcomm's technologies powered the smartphone revolution in addition to connected billions of people. We pioneered 3G in addition to 4G – in addition to forthwith nosotros are leading the means to 5G in addition to a novel era of intelligent, connected devices. Our products are revolutionizing industries, including automotive, computing, IoT, healthcare in addition to information center, in addition to are allowing millions of devices to connect with each other inwards ways never earlier imagined. Qualcomm Incorporated includes our licensing business, QTL, in addition to the vast bulk of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, enquiry in addition to evolution functions, in addition to all of our products in addition to services businesses, including, our QCT semiconductor business.
Xiaomi CEO Lei Jun, OPPO CEO Chen Mingyong in addition to vivo CEO Shen Wei attended in addition to signed for their respective companies.
“I’m honored to stand upwardly for Qualcomm equally component of this of import Trade delegation, which showcases the importance of win-win trouble organisation relationships betwixt the US in addition to China,” said Steve Mollenkopf, principal executive officer, Qualcomm Incorporated. “Qualcomm has longstanding relationships with Xiaomi, OPPO in addition to vivo in addition to nosotros are continuing our commitment to investing in addition to helping advance China’s mobile in addition to semiconductor industries.”
Qualcomm Technologies has been supporting the Chinese mobile ecosystem for virtually 25 years in addition to continues to expand its investments in addition to projects inwards China, establishing a release of branches, articulation ventures in addition to R&D centers inwards Guizhou, Shanghai in addition to Shenzhen, with others.
About Qualcomm
Qualcomm's technologies powered the smartphone revolution in addition to connected billions of people. We pioneered 3G in addition to 4G – in addition to forthwith nosotros are leading the means to 5G in addition to a novel era of intelligent, connected devices. Our products are revolutionizing industries, including automotive, computing, IoT, healthcare in addition to information center, in addition to are allowing millions of devices to connect with each other inwards ways never earlier imagined. Qualcomm Incorporated includes our licensing business, QTL, in addition to the vast bulk of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, enquiry in addition to evolution functions, in addition to all of our products in addition to services businesses, including, our QCT semiconductor business.
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