A PYMNTS Company

China: Stakes are high for Qualcomm as probe collides with 4G rollout

By  |  April 2, 2014

US-based Qualcomm has much to gain from China’s plans of a 4G wireless spectrum roll out, but the company still has a lot to lose as the nation’s antitrust regulators continue its probe into the firm.

China is in the midst of introducing 4G infrastructure that will allow smartphone users access to high speed wireless Internet services. As a top supplier of smartphone chip technology, Qualcomm has seen its shares rise on the hopes of boosted operations in China.

But the company is also in the midst of an antitrust probe by the National Development and Reform Commission, meaning Qualcomm could miss out on a part of the expected 27 percent growth of smartphone use in the nation this year.

Details of the probe are still under wraps, however, since it was first reported last January. But rumors have spread that Qualcomm is facing fines from authorities.

Full Content: USA Today

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