Technology content trusted in North America and globally since 1999
8,425 Reviews & Articles | 64,553 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 from Feb 10, 2015 @ 3:36 CST

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.


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".


Related Tags