Lenovo, Xiaomi, Oppo and Vivo have promised to purchase from Qualcomm components for $ 2 billion

Qualcomm Technologies Inc. at   framework of a technology summit in   Beijing signed memorandums on   understanding with   Lenovo Group, Guangdong OPPO Mobile Telecommunications Corp., vivo Communication Technology and   Xiaomi Communications.

What does it mean

Thus, mobile device manufacturers expressed interest in   purchase of Qualcomm components   the amount   less than 2   billion dollars for three years.

It is not   about   processors, and   about   radio frequency components. They are designed to enable OEMs to create more sophisticated mobile devices in   large scales.

While unofficially

However, the signed memorandums on   mutual understanding   have binding force, but   can become the basis for further official transactions.

These agreements can return Qualcomm a faltering balance. Recall on   days, the company received " under the breath " from   The EU Antimonopoly Regulator, which Qualcomm fined $ 1.23 billion for bribery Apple for   the Apple conspiracy   purchases of chips.

Source: Qualcomm