Qualcomm has been fined close to one billion dollars in China after regulators found the U.S. chip-maker guilty of breaching national antitrust regulations.
The company, the world’s largest supplier of chips for mobile phones, agreed to pay a 6.088 billion yuan (approximately $975 million) penalty and said it has agreed to split its 3G/4G essential patents separately to other licenses in China. Existing licensees will be able to choose new terms as of January 1 2015.
Qualcomm did not contest the fine but it did express “disappointment” with the result of the investigation, which had been ongoing for more than a year and cast significant doubts over its business in China — although the company continued to make investments there.
Possible outcomes of the probe had affected Qualcomm’s most recent financial performance and its stock price, which suffered its highest drop in over three years after its Q3 2014 earnings last year. Customers had delayed royalty payments…
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