Business / Policy Watch

China to form final ruling on Qualcomm case

(Xinhua) Updated: 2014-12-27 10:54

BEIJING - China's top antitrust body will form a final ruling on mobile chip maker Qualcomm Inc as soon as possible, an official statement said on Friday.

Qualcomm was accused of price fixing and abusing its dominance in Chinese market. Probes into the case started in November 2013 in response to complaints from industry associations.

Xu Kunlin, head of the price supervision and anti-monopoly bureau of the National Development and Reform Commission (NDRC), said the case is being pushed forward in line with legal procedures, according to an online statement of the NDRC.

However, the commission did not mention a specific date for unveiling the ruling.

Qualcomm said it will continue to support the work of the NDRC, said the statement, noting Qualcomm President Derek Aberle had visited the NDRC several times to exchange views with the bureau.

Qualcomm was confronted with similar charges in the Republic of Korea and the European Union.

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