It’s a big win for the chip company
Qualcomm is starting its 5G push with a bang, as they’ve signed a multi-billion dollar memorandum of agreement (MOU) with multiple Chinese companies to provide 5G chips and modems that will be used in next-generation devices.
The deal, amounting to $2 billion, is with OPPO, Vivo, Xiaomi, Lenovo and ZTE. The aforementioned companies will be purchasing components from Qualcomm in the next three years, and will be one of their partners moving forward in developing 5G devices by 2019.
5G technology is the next big thing for telecommunications companies, and will likely become the focus of Qualcomm’s competitors namely Samsung, MediaTek, Huawei and others in the next few years.
“The 5G mobile network is going to change the global mobile industry structure, and mobile phones will become the major terminal for the Internet of Things. OPPO has been focusing on technology innovation in the past which has laid great foundations for 5G related R&D. In the future, OPPO will continue to invest in groundbreaking technologies such as 5G and Artificial Intelligence, and apply these to product scenarios based on the core needs of users,” said Tony Chen, CEO of OPPO during the announcement of the MOU at the 2018 Qualcomm Day in China.