Chinas antitrust regulator has confirmed that Qualcomm Inc, one of the worlds biggest mobile chipmakers, has a monopoly, the state-run Securities Times newspaper reported on Thursday, as Qualcomms chief executive held talks in China. The regulator, the National Development and Reform Commission (NDRC), is investigating Qualcomms local subsidiary after it said in February the U.S. […]
By Michael Martina and Matthew Miller BEIJING (Reuters) – Qualcomm Inc, the worlds biggest cellphone chip maker, may be hit with a record fine exceeding $1 billion in a Chinese antitrust probe, raising the specter of harsh penalties for foreign firms facing an increasingly aggressive regulator. Chinas National Development and Reform Commission (NDRC) initiated an […]
(Reuters) – Qualcomm Inc said Chinas price regulator, National Development and Reform Commission (NDRC), has started an investigation of the mobile chipmaker under the Chinese Anti-Monopoly Law. NDRC has advised that the substance of the investigation was confidential, the company said in a statement. Qualcomm said it was not aware of any violation. The NDRC […]
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