Qualcomm ordered to pay $975m fine to China


ASSOCIATED PRESS: The company was found guilty of violating China’s anti-monopoly laws.

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ASSOCIATED PRESS: The company was found guilty of violating China’s anti-monopoly laws.

Last year, the Chinese government stepped up its scrutiny of foreign companies to assess whether they were in violation of its 2008 anti-monopoly law.

Chinese regulators launched such a probe into Qualcomm, one of the biggest makers of chips used in mobile devices, to find out whether it abused its dominant market position by charging excessive fees for technology.

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