Tag Archives: Qualcomm Inc.

Trump Brings Business Back from China

Courtesy of Iecs.

Several companies announced business deals worth $250 billion between the United States and China in conjunction with President Donald Trump’s recent Asia tour.

One of the more prominent deals was forged with Boeing. The aerospace giant forged a deal worth $37 billion in sales of planes to the communist behemoth. It was not made clear if this deal is part of a previous announcement from Boeing to sell hundreds of jets to yet unrevealed buyers.

General Electric was also able to forge three separate deals in China valued at a total of $3.5 billion. In addition, Qualcomm was in discussions with Xiaomi, Oppo and Vivo to purchase about $12 billion worth of semiconductors. Ford Motor Company will be investing $756 million in a joint venture with its Chinese partner Anhui Zotye Automobil to manufacture electric cars. This deal was already announced in August this year.
Some of the deals announced on Thursday have been in negotiations for a while, while other deals are only in the early stages, and the outcomes are far from assured.

Other deals in the works with China and US business include:

• A $83.7 billion investment by the China Energy Investment Corporation Limited in several shale gas and chemical manufacturing projects in West Virginia.
• Chinese state-run oil producer Sinopec has agreed to help develop Alaska’s liquefied natural gas sector. The deal, worth about $43 billion, is between Sinopec, the Bank of China and the China Investment Corp. It is estimated that about 12,000 jobs will be created during the construction of project.
• Chinese importers agreed to buy $5 billion worth of soybeans from US producers during 2018.
• Chinese e-commerce company JD.com said it will purchase $2 billion in food and agriculture products over the coming three years from the US, including $1.2 billion in Montana beef and Smithfield Foods pork.

Qualcomm Sells Communication Licenses To AT&T

Qualcomm Inc. (Qcom) has received permission from the Federal Communications Commission (FCC) to sell its Lower 700 MHz D and E Block (Channels 55 and 56) unpaired spectrum licenses to AT&T. In return, Qualcomm will receive $1.925 billion. This deal will effectively enable AT&T to reach another 28 million customers. It will also help AT&T to develop their long term 4G network plans.

Qualcomm Inc. designs, develops, produces, and sells digital communications services and products. The company has four major divisions. Among many other services the Qualcom provides communication services to the United States Government. It also provides 2-way terrestrial based and satellite based location reporting services for logistics and transportation companies. The company holds many licenses for technology. It often rents the technology under these licenses. It is some of these licenses that AT&T purchased for the 1.925 billion dollars.

Some of the Qualcomm managers are Dr. Craig H. Barratt, Rob Chandhok, Matt Grob, Rich Sulpizio, Norm Fjeldheim, Kimberly M. Koro, William F. Davidson Jr., and Margaret L. “Peggy” Johnson

Disclaimer: The information in this article is insufficient to base investment decisions on. All decisions should be based on a thorough analysis of the investment.