DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!
   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
DarkVision Hardware - Daily tech news
February 18, 2020 
Main Menu
News archives

Who's Online
There are currently 259 people online.


Latest Reviews
Ewin Racing Flash gaming chair
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset

Follow us

Qualcomm gets massive $975 million antitrust fine from China

Posted on Tuesday, February 10 2015 @ 11:29:00 CET by

Qualcomm logo
News hit the wire that Qualcomm is going to pay the Chinese government a huge $975 million fine to settle an antitrust case and will lower its royalty rates. Qualcomm said it won't challenge the ruling and claims it will end up better-positioned in China as the decision removes the uncertainty.

The Chinese regulators found that Qualcomm's license fees were too high and that Qualcomm abused its dominant position to force customers into accepting its conditions.
China’s National Development and Reform Commission issued a decision that Qualcomm violated its anti-monopoly law, the San Diego-based company said Monday in a statement. Qualcomm won’t challenge the ruling, which includes a fine of 6.088 billion yuan ($975 million) and imposes conditions on royalties charged on phones sold in China.

The accord puts to rest an investigation that lasted more than a year and hurt Qualcomm’s ability to collect licensing revenue in China, where some handset makers have delayed royalty payments or paid less than they owe. Qualcomm, whose chips run most of the world’s phones that can access the Internet, gets the majority of its profit from patent-licensing fees related to its ownership of technology fundamental to cellular-phone systems.
Bloomberg writes Qualcomm had $31.6 billion of cash and marketable securities at the end of its most recent quarter.



DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2019 DM Media Group bvba