China's Antitrust Regulator Says Qualcomm Case to Be Settled Soon
The Chinese government has that it will soon settle its
antitrust investigation of US mobile chipmaker Qualcomm Inc.
The National Development and Reform Commission (NDRC), the
country's anti-monopoly regulator that launched its probe of the San
Diego-based company 13 months ago, said the case would be settled according to
the law, according to an online statement.
The notice cited Xu Kunlin, director general of NDRC's
anti-monopoly bureau.
The NDRC also said it had completed its seventh round of
discussions with Qualcomm CEO Derek Aberle and his team earlier this month.
The regulator said in February that the US chipmaker was
suspected of overcharging and abusing its market position in wireless
communication standards.
An imminent decision in the case is expected to force the
company to pay fines potentially exceeding $1 billion and require concessions
that would hurt its highly profitable business of charging licensing fees on
phone chipsets that use its patents.
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