Qualcomm signs MoUs worth $2 billion in sales with Lenovo, Xiaomi, Vivo and Oppo

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. [caption id=“attachment_3932725” align=“alignleft” width=“380”] Reuters[/caption] The Chinese firms expressed an interest in buying Qualcomm components with a total value of no less than $2 billion over three years, the U.S. chipmaker said on Thursday.The non-binding agreement will be subject to further agreements and covers technology related to RF Front-End components, it said in a statement. The companies unveiled the multi-year agreement at a Qualcomm-hosted event in Beijing, attended by the U.S. firm’s chairman and its chief executive.