Qualcomm is no doubt is the world’s greatest smartphone chip producer, it may confront a record fine of over $1 billion in China for cheating and misusing its market position in wireless communication standards.
A definite choice may incorporate a record fine and changes concerning how Qualcomm licenses its engineering to handset producers in China.
Qualcomm In Trouble May Face A Fine of 1 Billion Dollars In China All Because Of Misusing Its Market Position In Wireless Communication Standards:
China’s National Development and Reform Commission (NDRC) have said it associates US firm Qualcomm with cheating and misapplying its market position in wireless communication standards. The organization is liable to face fines surpassing $1 billion, industry specialists were cited as saying by the China Daily.
Qualcomm is the top patent holder for smartphone engineering, for example CDMA and LTE. Charging eminences focused around the smartphones offering costs, even those made with contenders’ chips, given more than 50% of its $8 billion net salary a year ago.
China helped more or less 50% of Qualcomm’s aggregate income in financial 2014. The Chinese examination is one of a few Qualcomm has confronted. The organization was hit with a $20-million fine in South Korea in 2009 and was compelled to renegotiate licensing agreements with brands like Nokia and others by the European Commission in 2007.
Qualcomm is one multinational firm alongside Microsoft and top Auto organizations which as of late confronted examinations and investigations concerning anti-trust laws. The legislature precluded affirmations from claiming focusing on multinational firms further bolstering give good fortune to the Chinese organizations.