Qualcomm to part with $1 billion to settle China antitrust dispute

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Qualcomm is set to take a rather hard hit on the company's finances, potentially being fined around $1 billion in China. According to a report by Reuters, the fine will be the result of a 14-month investigation by Chinese authorities into anti-competitive practices, and could be combined with Qualcomm lowering royalty fees by around a third on patents used in the region.

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.

Source: Reuters

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Rich Edmonds
Rich Edmonds
Senior Editor, PC Build

Rich Edmonds was formerly a Senior Editor of PC hardware at Windows Central, covering everything related to PC components and NAS. He's been involved in technology for more than a decade and knows a thing or two about the magic inside a PC chassis. You can follow him on Twitter at @RichEdmonds.