Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly, a government newspaper reported Friday.
Regulators have completed an investigation of Qualcomm, the China Daily newspaper said, citing Xu Kunlin, director of the anti-monopoly bureau of the National Development and Reform Commission, China’s economic planning agency.
Xu said Qualcomm “has a monopoly,” the newspaper said. It gave no indication what possible penalties or orders to change its business practices the San Diego, California-based company might face.
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The Associated Press via CHINA US Focus http://ift.tt/1pSSNwN
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