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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
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.

 

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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

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