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Company News >> Qualcomm rejected Broadcom 100 billion acquisition of OV millet won 12 billion US dollars order
Yesterday, Qualcomm announced the signing of a non-binding memorandum of understanding on the procurement of chips with Xiaomi Communication Technology Co., Ltd., Guangdong Oupo Mobile Communication Co., Ltd., and VIVO Communication Technology Co., Ltd. respectively. The three companies indicated their intention to provide Qualcomm procurement value of not less than 12 billion US dollars of the total components.
On the morning of November 9, the dialogue between Chinese and American entrepreneurs was held in Beijing. The participating enterprises of China and the United States signed a number of cooperation agreements under the witness of the heads of state of the two countries. Among them, Qualcomm and Xiaomi, OPPO and vivo three Chinese handset manufacturers signed a memorandum of non-binding purchase intention will be the next three years to the three handset manufacturers selling parts and components, the amount of up to 12 billion US dollars. Lei Jun, CEO of Xiaomi, Chen Mingyong, chief executive of OPPO and Shen Wei, the chief executive of vivo, attended the ceremony and signed memorandums of understanding on behalf of their respective companies.
For the cooperation, Qualcomm CEO Steve Morinkov said: "The cooperation between Qualcomm and Xiaomi, OPPO and vivo has a long history and we will continue to invest in and help boost China's mobile and semiconductor industries development of."
The industry believes that this agreement will be a boost to Qualcomm, which is rumored to be a possible takeover by Broadcom.
On January 6, the news about Broadcom's acquisition of Qualcomm at a price of $ 105 billion was rejected by the latter. Many media quoted analysts as saying the merger of the two companies would solve Qualcomm's current dispute with Apple and ease a huge crisis for Qualcomm. But "Qualcomm tended to reject the offer, saying the Broadcom offer was too low and the Qualcomm board would not consider the asking price of $ 70 a share."
 

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