China's antitrust regulator says Qualcomm case to be settled soon
BEIJING (Reuters) - The Chinese government said on Friday that it will soon settle its antitrust investigation of U.S. mobile chipmaker Qualcomm Inc.
The National Development and Reform Commission (NDRC), the country's anti-monopoly regulator which launched a probe of the San Diego-based company 13 months ago, said the case would be settled lawfully, according to an online statement.
The notice cited Xu Kunlin, director general of NDRC's anti-monopoly bureau.
The NDRC also said it had completed its seventh round of discussions with Qualcomm President Derek Aberle and his team earlier this month.
Qualcomm will continue to cooperate with the regulator to reach a settlement, the NDRC statement said. A company spokeswoman could not immediately be reached for comment.
The regulator provided no indication as to when discussions with the U.S. chipmaker would resume.
The NDRC said in February that Qualcomm was suspected of overcharging and abusing its market position in wireless communication standards.
An imminent decision in the case is expected to force the company to pay fines potentially exceeding $1 billion and require concessions that would hurt its highly profitable business of charging licensing fees on phone chipsets that use its patents.
The NDRC said in August that Qualcomm had expressed its willingness to improve and correct pricing issues. Continued...