vivo has signed an agreement with Qualcomm to supply $4 billion in components with the Chinese smartphone company, as part of a series of deals signed between Chinese and US businesses worth a massive $253 billion. The deals were signed during US President Donald Trump’s recent visit to China, where he witnessed the signings alongside his Chinese counterpart Xi Jinping.
With over 200 million users around the world, the deal naturally benefits Qualcomm just as much as is advantageous to vivo. The two companies have previously worked together prior to the $4 billion deal in various fields of smartphone development, such as artificial intelligence, photography, gaming experience, and power saving.
Many readers would remember the recent collaboration between vivo and Qualcomm in the field of biometrics back at MWC Shanghai 2017, where the company announced the Under Display Fingerprint Scanning solution, which is based on Qualcomm technology. The two companies will continue to work together, striving for further breakthroughs in 3D face recognition, palm print recognition, and iris recognition.
vivo is also working with Qualcomm in the development of new 5G-ready technologies. The two companies are developing a new 5G chipset based on years of consumer behaviour studies and experiences shared by both firms.
As one of the top five smartphone brands in the world, vivo sees this partnership as a great way to penetrate larger markets. The Chinese company has strong plans to expand into the European and Middle Eastern markets.
On top of that, vivo is also looking at this deal as a means to forge better long-term partnerships with industry partners. The vivo-Qualcomm partnership also includes patent sharing deals between the two companies.
Disclosure: This article was sponsored by vivo.
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