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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

Anthony Garreffa | Feb 10, 2015 at 03:36 am CST (0 mins, 29 secs reading time)

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 with China for $975 million | TweakTown.com

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 SOURCE:androidcentral.com
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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