By Kevin Yao and Matthew Miller BEIJING (Reuters) – Chinas anti-monopoly regulator on Wednesday said Qualcomm Inc. was suspected of overcharging and abusing its market position, allegations which could see the U.S. chip giant hit with record fines of more than $1 billion. The National Development and Reform Commission (NDRC) also said it was in talks with another U.S. technology firm, InterDigital Inc, about a possible settlement to a separate anti-monopoly probe as the regulator focuses on the rapidly evolving information technology market. Foreign firms from drugmaker GlaxoSmithKline to Apple Inc are facing tougher scrutiny in the worlds second-biggest economy as China targets key industries to protect consumers from bloated prices and second-rate products. In its first public statements about the Qualcomm investigation, the watchdog said it began making enquiries after receiving complaints that the San Diego-based company was charging higher prices in China than it does in other countries.
China accuses Qualcomm of overcharging, abusing dominance
19
Feb
2014
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