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Qualcomm ordered to pay $1 billion in Chinese antitrust case

Qualcomm

A new report is suggesting that Qualcomm might have to shell out as much as $1 billion in a new anti-trust case leveled against them by Chinese authorities. The company is alleged to be following anti-competitive licensing practices, which Qualcomm has denied.

According to Qualcomm, its business model is revolved around reducing the number of infringement lawsuits in the market. It is said that the Chinese government will come up with a formal statement very soon.

It is unlikely that Qualcomm can get over this hurdle as Chinese authorities have been conducting this investigation for the past 14 months.

Discussions in Beijing over one of the most contentious cases under China’s 2008 anti-monopoly law have intensified in recent weeks, culminating in meetings between Qualcomm senior executives and National Development and Reform Commission (NDRC) officials on Friday.

Qualcomm is one of the most popular chip makers in the world today, with MediaTek running on a large bulk of Asian smartphones. So this could be a massive setback for the chip maker.

Source: Reuters

Via: Android Central