We are expecting that the President of the United States will make a deal with China on his official visit to the country. The deals are estimated to be worth $250 billion, one such deal is already signed between the Chinese companies ( Oppo, Vivo, and Xiaomi ) and Qualcomm.
Reports are that this deal is worth $12 billion and Qualcomm will sell components to these three companies over the next three years. This deal is a win-win for all, as the chip maker will earn more than half its revenue from China. The three Chinese companies use Taiwan’s Mediatek processors but a large number of their mobile phones are shipped via Qualcomm mobile platforms.