Qualcomm signs $12 bln in China deals amid Donald Trump visit

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Beijing | Published: November 9, 2017 9:07:55 AM

Qualcomm Inc 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 Inc, Donald Trump, US China trade, US Department of State, OPPO, Vivo, Broadcom Ltd, Apple Inc, chinaQualcomm 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. (Reuters)

Qualcomm Inc 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 earlier this week. It is also facing a lengthy legal battle with Apple Inc over patent fees it charges.

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