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Wireless

Qualcomm nears settlement in China competition case - report

Monday 9 February 2015 | 15:13 CET | News
Qualcomm is likely to pay China a record fine of around USD 1 billion, ending a 14-month investigation into anti-competitive practices, Reuters reports. The US-based chipmaker and the Chinese regulator made significant progress during talks in the past week and a settlement could be announced in the coming days, an unnamed source told the news agency. The deal may also see Qualcomm lower its royalty rates by around a third on patents used in China. China's National Development and Reform Commission (NDRC) will soon release a new antitrust settlement, said Xu Kunlin, the head of the agency's

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Categories: Mobile & Wireless
Companies: Qualcomm
Countries: China
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