Tech content trusted by users in North America and around the world
7,297 Reviews & Articles | 53,245 News Posts

Qualcomm settles antitrust dispute with China for $975 million

Qualcomm and China's National Development and Reform Commission settle antitrust dispute with Qualcomm handing over $975 million
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Feb 10, 2015 9:36 am

After a 14-month investigation, China has said that it has found that Qualcomm has engaged in anti-competitive practices in the country. This has seen Qualcomm entered into a settlement with the government of China's National Development and Reform Commission.

 

qualcomm-settles-antitrust-dispute-china-975-million_08

 

This settlement has seen Qualcomm hand over $975 million, and in addition to the near $1 billion, the company has said that it will change "certain of its business practices in China". Qualcomm has added: "Although Qualcomm is disappointed with the results of the investigation, it is pleased that the NDRC has reviewed and approved the Company's rectification plan".

NEWS SOURCES:Androidcentral.com

Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts
View Our Latest Videos

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
loading