Qualcomm complies: pays $1 billion to settle antitrust dispute in China

* Yesterday, we talked about Qualcomm having a bit of trouble with the Chinese government – namely, the chip maker has been under a 14-month antitrust investigation, looking into price fixing practices and abuse of its position on the market. The odds were that the case is about to be closed, with Qualcomm being obliged to pay a $975 million fine, as well as lower the rates of royalties it has been collecting for patents, used within the country, by around a third. Well, within hours after these news, Reuters reported that Qualcomm has agreed to the terms, and will be obliging to the terms fully.



Weep ... *



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