Young Journalists Club | Latest news of Iran and world

News ID: 15435
Publish Date: 8:59 - 09 November 2017
TEHRAN, November 9-Qualcomm Inc (QCOM.O) has signed $12 billion worth of potential deals with three Chinese mobile handset makers on the sidelines of a state visit to Beijing by U.S. President Donald Trump who has been looking to stir up U.S.-China trade.

Qualcomm signs $12 billion in China deals amid Trump visitTEHRAN, Young Journalists Club (YJC) -Qualcomm Inc (QCOM.O) has signed $12 billion worth of potential deals with three Chinese mobile handset makers on the sidelines of a state visit to Beijing by U.S. President Donald Trump who has been looking to stir up U.S.-China trade.

Qualcomm signed three non-binding memorandum of understanding (MOUs) to sell components over three years to phonemakers Xiaomi, OPPO and Vivo, the U.S. Department of State said in a statement on Thursday.

Qualcomm, which earns more than half of its revenues in China, became the takeover target of rival chipmaker Broadcom Ltd (AVGO.O) earlier this week. It is also facing a lengthy legal battle with Apple Inc (AAPL.O) over patent fees it charges.

Source: Reuters

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