Items tagged with national development and reform commission

The Chinese government announced on Friday that its antitrust investigation of Qualcomm Inc. will soon be settled. This news comes courtesy of an online statement from the country’s anti-monopoly regulator, The National Development and Reform Commission, which said that the investigation would be settled lawfully.The NDRC launched a probe of the US mobile chipmaker 13 months ago when the regulator said that Qualcomm was suspected of abusing and overcharging its market in wireless communication standards. In August, the NDRC said that Qualcomm expressed its willingness to correct the pricing issues. Then, in December, the regulator claimed that it possessed evidence of “substantial” price fixing.Image... Read more...