China antitrust case: US chipmaker Qualcomm to pay $975m fine
February 10 , 2015
American chipmaker Qualcomm will be paying $975 million to the Chinese government to end an anti-trust probe into its patent licensing.
The fine, the heaviest in Chinese corporate history, requires the company to decrease royalty rates on patents in the mobile phone market in China.
Qualcomm said that though it was “disappointed” by the investigation results, it was not going to contest the ruling.
The company was “pleased” that its rectification plan had been “reviewed and approved”, it said in a statement.