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Qualcomm agrees to pay nearly a billion dollars to settle Chinese antitrust case

  1. US chip giant Qualcomm has agreed to pay nearly a billion dollar fine to end a long-running antitrust investigation in China. The agreement will see the company modify its business practices in the Asian country and pay 6.088 billion yuan...

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  2. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 6,476   +2,034

    That's chump change to Qualcomm.
     
  3. OneSpeed

    OneSpeed TS Addict Posts: 251   +73

    The price of doing business in China. Buying in to the corruption of the government.
     
  4. gamoniac

    gamoniac TS Addict Posts: 293   +69

    If I have to bet, I would say that Qualcomm is not all that innocent as you think. Most cultures (including Europe and US) are no stranger to kickback, which is illegal in most countries including China. It doesn't take much to imagine that big foreign corporations come in and buy off the decision makers to get an edge against local competitions.
     

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