Shenzhen Transsion Technology faces intellectual property lawsuits from Qualcomm and Philips

Shenzhen Transsion Technology, the world's fourth-largest smartphone manufacturer, is currently facing intellectual property lawsuits from Qualcomm and Philips. Transsion Technology mainly uses chips from MediaTek and Unisoc, not Qualcomm's products. The lawsuit may result in Transsion having to pay licensing fees to Qualcomm, which in turn will affect the profits of its mobile phone sales.