Qualcomm in China is indicted for alleged price fixing2014-03-21 | Comebuy News
Chip maker Qualcomm must answer in China due to alleged illegal price fixing. That reported China daily, citing the authority national development and Reform Commission (NDRC).
The newspaper said the head of the NDRC, Xu Kunlin, his authority have gathered "hard evidence" against Qualcomm. The company itself admitted that the Chinese competition authority launched an antitrust investigation into Qualcomm in the last month. But at the same time it stressed him so far no indictment on the part of the NDRC Liège before, that it violated antitrust laws.
Xu according to at least 170 new employees want to set its regulators in Beijing, as well as local price control facilities, to provide for the enforcement of antitrust laws and to toughen the fight against price-fixing. Currently, the Office in Beijing have 46 employees.
In August, Chinese regulators had imposed already a record fine of 670 million Yuan (about 82 million euros) against six foreign dairy producers had matched their prices. Last Wednesday the NDRC said it will focus on six sectors in identifying illegal price fixing: aviation, chemicals, automotive, telecommunications, pharmaceuticals and household appliances.
With its Snapdragon series, Qualcomm currently belongs to the leading manufacturers of systems-on-a-chip (SoC) for smartphones and tablets. Only last week, it introduced its first 64-bit chip Snapdragon 410. It to be installed in low-cost smartphones, especially for the growing Chinese market and other emerging markets.
[with material by Liu Jiayi, ZDNet.com]
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