Qualcomm seeks to end anti-trust probe
Print Edition
US chipmaker Qualcomm Inc is seeking to end an investigation by China’s pricing regulator into monopoly practices, expressing its willingness to improve and correct pricing issues according to the regulator.
The National Development and Reform Commission said its officials had met on Thursday with a delegation from Qualcomm which included company President Derek Aberle.
“Qualcomm executives discussed with NDRC officials several topics in an effort to reach a comprehensive resolution,” the company said in a statement. “We are continuing to cooperate with NDRC and cannot comment further.”
The NDRC gave no further details. The regulator is investigating Qualcomm’s local subsidiary after it said in February that the US chipmaker was suspected of overcharging and abusing its market position in wireless communication standards, allegations which could see it hit with record fines of more than US$1 billion.
Last month, a Chinese newspaper said the NDRC had determined that Qualcomm had a monopoly but did not say whether the regulator had determined that the company had abused this monopoly. Qualcomm is one of the world’s biggest mobile chipmakers. It is one of at least 30 foreign firms to come under scrutiny as China seeks to enforce a 2008 anti-monopoly law.
Companies being investigated for anti-trust issues include Microsoft Corp and automaker Volkswagen AG. Last week, the NDRC slapped a record US$201 million fine on 12 Japanese automakers it said had engaged in price manipulation.
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