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Qualcomm to Pay Record Fine to China

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Qualcomm to Pay Record Fine to China

Qualcomm Chips Qualcomm is nearing the top of talks with the Chinese executive over antitrust problems and is taking a look to cough up round $1 billion once Monday. The factor arose over China’s 2008 anti-monopoly regulation, and if negotiations are reached, we will be able to see Qualcomm decrease its royalty charges via approximately 33% on patents utilized in China. Half of Qualcomm’s 26.5 income used to be earned in China remaining yr, this means that that the San Diego-primarily based tech corporate will want to do no matter what it takes to figure out a maintain China.

The head of the NDRC’s antitrust department, Xu Kunlin, is liable for the harsh repercussions towards Qualcomm, and he's coming beneath fireplace for being too harsh and unfair together with his criminal movements. Even President Barack Obama has been speaking with the Chinese President, Xi Jinping, concerning the business friction. Critics are pronouncing that Xu is concentrated on handiest overseas firms, which he denies, in spite of each Samsung and Microsoft seeing a few scrutiny from the Antitrust place of work. Source: Re/Code

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