China’s anti-monopoly regulator said on Wednesday that the American chip maker Qualcomm was suspected of overcharging and abusing its market position, allegations that could lead to record fines of more than $1 billion.
The regulator, the National Development and Reform Commission, which is also the government’s main economic planning body, said it was in talks with another American technology company, InterDigital, which develops patent technologies for wireless devices and networks, about a possible settlement to a separate anti-monopoly investigation.
Foreign companies, including Apple and GlaxoSmithKline, are facing tougher scrutiny as China targets key industries to protect consumers from bloated prices and second-rate products.
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Reuters via CHINA US Focus http://ift.tt/1gWfw84
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