China's National Development and Reform Commission announces 975 million dollar fine for Qualcomm

Summary: Beijing time February 10 Morning news, China's national Development and Reform Commission (hereinafter referred to as the NDRC) announced a fine of 975 million U.S. dollars to Qualcomm, and the smartphone manufacturers to authorize the use of its technology set a rate, thus ending the Qualcomm in the Chinese market

Beijing time February 10 Morning news, China's national Development and Reform Commission (hereinafter referred to as the "NDRC") announced a fine of 975 million U.S. dollars to Qualcomm, and the smartphone manufacturers to authorize the use of its technology set a rate, thus ending the high Qualcomm's growth in the Chinese market is threatened by the investigation.

In a statement issued in Monday, Qualcomm said the NDRC had ruled that the company had violated China's anti-monopoly law and said the company had not contested the decision. The statement said Qualcomm was fined 6.088 billion yuan (about 975 million U.S. dollars). In addition, the NDRC has set terms for the royalty charges that Chinese handset makers use Qualcomm chip designs.