A PYMNTS Company

China: Qualcomm case headed for resolution

By  |  January 2, 2015

Chinese authorities are nearing a resolution of its dispute with US chipmaker Qualcomm as government officials said they will soon settle antitrust charges against the world’s biggest makers of cellphone chips.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    A decision in the case is “imminent,” according to a Reuters report, and could lead to fines exceeding $1 billion while also requiring concessions in Qualcomm’s business of charging licensing fees on phone chipsets that use its patents.

    The National Development and Reform Commission has accused Qualcomm of having a clear monopoly and abusing its market position in wireless communications standards by overcharging Chinese handset makers to use its chipset technology.

    Under China’s anti-monopoly law, the NDRC can impose fines of between 1 and 10 percent of a company’s revenues for the preceding year.

    Qualcomm is just one of at least 30 foreign companies that have been subjected to investigations under China’sthe 2008 Anti-Monopoly Law. Some critics have claimed in recent months that 

     

    Full Content: Tech Times

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.