Qualcomm to power Lenovo, Xiaomi, vivo and OPPO; signs $2 bn sales deal

The companies unveiled the multi-year agreement at a Qualcomm-hosted event in Beijing

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Reuters
1 min read Last Updated : Jul 11 2019 | 11:02 AM IST

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 chipmaker said on Thursday.

The non-binding agreement will be subject to further agreements and covers technology related to Lenovo, Xiaomi, vivo and OPPO 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.

 

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Topics :OppoVivoXiaomiLenovoQualcomm

First Published: Jan 25 2018 | 11:24 AM IST

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