Qualcomm fined $975M, agrees to lower royalties in China

US chipmaker Qualcomm has been fined CNY6.088 billion (about $975 million) by China’s antitrust regulator and has agreed to modify its licensing practices and reduce royalties to satisfy the government’s anti-competitive ruling. The company, which made about $7.57 billion last …

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Qualcomm close to settling China spat – report

Qualcomm is apparently set to pay a fine of $1 billion to end a probe by the Chinese authorities into anti-competitive practices, after the two parties made “significant progress” during talks last week. According to Reuters, the deal, which may …

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Qualcomm head: China resolution “highest priority”

LIVE FROM CES 2015: Derek Aberle, president of Qualcomm, said that reaching a resolution with regard to the company’s ongoing woes in China is “one of the highest priorities for our management team”. Responding to a question in Qualcomm’s press …

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