Qualcomm has formed a consortium of Chinese smartphone manufacturers to launch superspeed 5G devices as early as next year.
The US chip giant launched its “5G Pioneer” initiative on Thursday on stage in Beijing with the presidents and CEOs of its Chinese smartphone partners, Xiaomi, Oppo, and Vivo, as well as top-level executives from ZTE and Lenovo.
Qualcomm also announced a memorandum of understanding with Xiaomi, Lenovo, Oppo, and Vivo to purchase a total of $2bn of Qualcomm components over three years. The components make it easier for mobile phone antennae to be used with 5G connections.
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