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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Aug. 10, 2015 -- Reporter Katherine Connor speaks with Andrew Newton, a patent counsel at Qualcomm Inc. and a 2015 Top Attorney, about his work in the ever-changing world of patent law.
June 12, 2013 -- Reporter Tierney Plumb speaks with Tim McDonough, vice president of marketing for Qualcomm CDMA Technologies, about the latest technologies at the E3 Expo at the Los Angeles Convention Center on Wednesday.
Nov. 30, 2010 -- Executive Editor George Chamberlin speaks with Don Jones, VP of Health & Life Sciences for Qualcomm, about the wireless health industry in San Diego.