Qualcomm agrees $2 billion sales deal with top Chinese smartphone companies
26 January, 2018, 14:52 | Author: Regina Silva
The initiative involves the Chinese companies Lenovo Group, Guangdong OPPO Mobile Telecommunications, vivo Communication Technology, Xiaomi Communications, ZTE Mobile Devices and Wingtech Technology.
Qualcomm has signed memorandums of understanding for sales with Lenovo, Oppo, vivo, ZTE, Watech and Xiaomi.
"5G will bring massive new opportunities to the mobile industry, and we are excited to work with these manufacturers on this 5G Pioneer Initiative", said Cristiano Amon, president at Qualcomm Incorporated.
From the upcoming 5G Tunable RF front-end components to the 5G Pioneer Initiative, Qualcomm and a number of Chinese electronics giants are gearing up for what's next to come.
Multiple studies have suggested that China will quickly become the world's largest market for 5G devices.
The announcement was made at Qualcomm China Tech Day in Beijing, an event that brought mobile technology leaders from across China to discuss the latest developments and future of the mobile industry.
As well as working together to build 5G mobes, Qualcomm said the companies will work together to explore other technologies enabled by 5G, including artificial intelligence (AI) and the Internet of Things (IoT). A Qualcomm survey suggests that 60 percent of Chinese consumers are likely to buy 5G smartphones when they become available, and seven of the top 10 global smartphone makers are from China.
Subject to definitive agreements, the non-binding deals will be worth up to $2 billion over three years.
In particular, the company emphasizes that its "break-through 5G Tunable RF front-end is created to enable OEMs to differentiate their 5G products with thinner design, higher performing system-level expertise and 5G product readiness", which will allow for mobile devices with "wider frequency range, greater capacity, enhanced coverage and cutting-edge power efficiency to address 4G LTE Advanced technology demands, as well as upcoming 5G networks".
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