Best Phone Arena - News : Qualcomm could be fined $1 billion in China in antitrust case, A 14-month investigation into Qualcomm's business practices in China is reportedly nearing completion. That said, its conclusions can clearly not be blue-eyed by the renowned chip maker.
Apparently the corporate is also forced to pay a $1 billion fine by the Chinese authorities, for participating in anticompetitive practices over there. this is able to be the most important quantity ever paid by any company in China.
Last week, throughout talks between Qualcomm representatives and people of China's National Development and Reform Commission (NDRC) "significant progress" has allegedly been created towards ending the investigation.
Aside from the record fine, Qualcomm may even be forced to lower its royalty rates by around a 3rd for patents utilized in China. in addition, the corporate would conjointly conform to build changes to its licensing practices, nonetheless not terribly} very damaging method for its bottom line.
The NDRC is before long expected to announce the antimonopoly settlement with Qualcomm. The record fine will not influence the company's financials that abundant, since around half its $26.5 billion world revenue was earned in China for its latest financial year.
However, an enormous a part of Qualcomm's profit in China came from its patent licensing arm assembling royalties. This business was discontinuous by the NDRC's investigation, that created disputes between the chip maker and its licensees, and caused alternative corporations to delay linguistic communication new licensing agreements.
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