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China: Qualcomm nears $975m settlement fine

By  |  February 9, 2015

Qualcomm agreed on Monday to pay a record $975 million fine to settle allegations by Chinese authorities that it violated the country’s anti-monopoly law, ending a two-year patents fight.

The US chip maker has held recent talks with Chinese investigators to come to a settlement of the dispute, in which China alleges Qualcomm’s licensing practices are anti-competitive. The deal allowed the US chipmaker to raise its revenue guidance for fiscal year 2015 to at least $26.3bn, up from $26bn, partly because it will make it easier to collect royalties from some Chinese manufacturers that had been underreporting their use of their patents.

The settlement comes after Qualcomm took the unusual decision to fight back against the NDRC’s allegations that it had abuse a dominant position in violation of the Anti-Monopoly Law.

 

Full Content: FT

 

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