Smartphone makers speak out on Broadcom deal

Updated 2018-01-25 15:56:00

Five Chinese companies, who control over half of the country's smartphone market, expressed their concern Thursday over chipmaker Broadcom Ltd's 5 billion proposal to buy Qualcomm Inc, saying they don't want to see such a change while they work hard to prepare for 5G smartphones.

The remarks came as Qualcomm estimated at a conference in Beijing it will generate over billion in revenue from China device makers in 2019, maintaining a compound annual growth rate of 17 percent from 2017 to 2019.

On Thursday, the United States giant also inked billion sales memoranda of understandings with Xiaomi, Oppo, Vivo and Lenovo, who promised to buy Qualcomm's components over the next three years. The components make it easier for mobile phone antennae to be used with 5G connections.

The move is part of a broader push by Qualcomm to form a consortium of these smartphone vendors to launch super-speed 5G devices as early as next year.

Presidents and CEOs of the above companies and ZTE, another smartphone vendor, all voiced their objection over Broadcom's proposal to buy Qualcomm.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 23 2018 16:12:55

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 23 2018 16:12:55

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 23 2018 16:12:55

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords