Ron Burgundy Posted February 19, 2014 Share Posted February 19, 2014 By Kevin Yao and Matthew Miller BEIJING (Reuters) - China's anti-monopoly regulator on Wednesday said Qualcomm Inc. was suspected of overcharging and abusing its market position, allegations which could see the U.S. chip giant hit with record fines of more than $1 billion. The National Development and Reform Commission (NDRC) also said it was in talks with another U.S. technology firm, InterDigital Inc, about a possible settlement to a separate anti-monopoly probe as the regulator focuses on the rapidly evolving information technology market. Foreign firms from drugmaker GlaxoSmithKline to Apple Inc are facing tougher scrutiny in the world's second-biggest economy as China targets key industries to protect consumers from bloated prices and second-rate products. In its first public statements about the Qualcomm investigation, the watchdog said it began making enquiries after receiving complaints that the San Diego-based company was charging higher prices in China than it does in other countries. View the full article Quote Link to comment Share on other sites More sharing options...
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