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China meets with S. Korea officials on Qualcomm probe

Chinese antitrust officials have met with their counterparts in South Korea to discuss their investigation into whether Qualcomm Inc. (Nasdaq: QCOM) has violated anti-monopoly laws, the Reuters news agency reported Thursday.

Korean regulators fined Qualcomm $200 million in 2009 for abusing its market dominance, but Reuters said the stakes are much bigger in China. Reuters said an investigation by Beijing’s National Development and Reform Commission could trigger changes to Qualcomm's licensing deals and fines of as much as a tenth of its annual revenue in China. Reuters noted that Qualcomm made $25 billion in revenues in its latest fiscal year, about half of which came from China.

Reuters said officials from the reform commission’s anti-monopoly bureau met with officials from the Korean Fair Trade Commission in May and June to discuss their investigation.

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Qualcomm Inc.

Company Website

5775 Morehouse Dr.
San Diego, CA 92121

Company Trade Data

Stock Symbol Close
Change
Chg %Chg
Volume
52-Week
High Low
QCOM
59.91
  0.65  
+ 1.10%
8,924,775,000
78.53
52.17

Insider Trade Data

Date Insider Shares Type Value
10/05/2015 Renduchintala, Venkata S 2,700 Sell $150,066
10/05/2015 Renduchintala, Venkata S 2,700 Sell $150,066
10/01/2015 Amon, Cristiano Renno 2,737 Sell $146,621
10/01/2015 Amon, Cristiano Renno 2,737 Sell $146,621
09/11/2015 Vinciquerra, Anthony J 1,000 Purchase $54,700

Qualcomm Inc. Executive(s):

Irwin Mark Jacobs

  • Founding Chairman, CEO Emeritus

Paul Jacobs

  • Executive Chairman

Tamar Elkeles

  • Vice President

Don Jones

  • Vice President

Don Rosenberg

  • General Counsel

Mark Leslie

  • Vice President, External Affairs

Steven Altman

  • Vice Chairman

Steve Mollenkopf

  • Chief Executive Officer

Derek Aberle

  • President

Navrina Singh

  • Director of Product Management

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Watch all of our Top Attorneys 2015 videos.

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2012