Qualcomm inks multi-billion-dollar deal with Chinese handset makers
Date: 2017-11-10   Author: Pankaj Singh  Category: #market

Qualcomm inks multi-billion-dollar deal with Chinese handset makers

Renowned U.S. based chip maker Qualcomm has reportedly signed an agreement worth around USD 12 billion with three prominent Chinese smartphone makers, namely Oppo, Vivo, and Xiaomi. Under this agreement, Qualcomm has agreed to supply its products to these smartphone makers for the next three years. The deal was a part of a trading package valued for more than USD 250 billion between China and the United States.

Post its legal battle with Apple regarding patent charges, this is one of the significant steps that Qualcomm has taken to expand its business across China. Statistically, Qualcomm earns more than 50% of its overall business share from China, which after this agreement, is likely to rise even more than earlier. Experts claim that with its latest deal, Qualcomm is likely to strengthen its presence across China, given that it may accumulate substantial gains from the Chinese market.

The MoUs have been signed at the Great Hall of the People in Beijing, China, in the presence of the CEO of Qualcomm, Steve Mollenkopf and President Trump. During the announcement of deal, Qualcomm’s CEO was quoted stating that the company is looking forward to maintaining long term partnerships with Oppo, Vivo, and Xiaomi. In addition, he added that Qualcomm will continue its commitments toward strengthening corporate ties between both the countries by making significant investments in China.

Apart from the aforementioned deal, it has been reported that Qualcomm has recently placed a bid of USD 130 billion to acquire its rival chipmaker, Broadcom Inc. Post the regulatory scrutiny, this acquisition is likely to prove beneficial for Qualcomm and may help the company predominate the chipmaking market.

Analysts state that Qualcomm’s alliance with Oppo, Xiaomi, and Vivo would also prove to be fruitful for the latter, as most of the Chinese phone brands remain relatively unknown in the U.S. – a condition which would now be reversed, enabling these companies to globally commercialize their handsets.



About Author


Pankaj Singh

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

More from Pankaj


Post Recommendents

Unexpected Growth Seen in GPU Database Market from 2020 to 2025
Author: Sachin Pashte

The Global GPU Database market study focuses on major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides informatio...


Desalting and Buffer Exchange Market Set to Register healthy CAGR During 2020-2025
Author: Sachin Pashte

Desalting and Buffer Exchange market report gives attention to market segmentation, market size, and forecast of 2019-2024 to help stakeholders in making a good decision for the future investments. Desalting and Buffer Exchange industry report se...


Global In-Memory Data Grid Market is anticipated to grow at a strong CAGR by 2025
Author: Sachin Pashte

Global In-Memory Data Grid Market Report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on ...