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Chinese Government announce settlement for Qualcomm anti-trust case

Qualcomm could be up for large fines thanks to some NDRC investigations

Chris Smith | Dec 27, 2014 at 05:02 am CST (0 mins, 46 secs reading time)

The Chinese Government has recently announced that they will be reaching a settlement on the anti-trust case against large-scale manufacturer Qualcomm as soon as this Friday.

Chinese Government announce settlement for Qualcomm anti-trust case | TweakTown.com

Chinese regulators announced previously that they suspected this company of abusing and overcharging its market in wireless communication standards. Due to this, the Government launched a probe of this US manufacturer 13 months ago, investigating their claims. The National Development and Reform Commission (NDRC) claims that this investigation is to be settled lawfully before the close of the current working week.

The NDRC claimed that Qualcomm admitted will to fixing their wireless pricing structure in August, preceding a report released in December claiming that they had evidence of "substantial" price fixing.

The total maximum costs for Qualcomm is said to exceed $1 billion if they're found guilty and it marks them as one of 30 non-Chinese firms that are being investigated by the NRDC under the 2008 Chinese anti-monopoly law.

Last updated: Aug 22, 2015 at 12:19 pm CDT

Chris Smith

ABOUT THE AUTHOR - Chris Smith

I'm a competitive gamer and was an eSports employee. Recent changes have seen me hang up the mouse and move over to the technology world, covering all news for TweakTown, ranging from gaming news to opinion articles and the latest tech releases. Expect to see a few different articles on international eSports news and competitive game releases, as well as audio and mobile device content.

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