Qualcommgets $975m antitrust fine

China's antitrust regulator has fined Qualcomm Inc, the world's largest chipmaker, 6.08 billion yuan ($975million), the highest penalty since China's antitrust law took effect in 2008.

The fine amounts to 8 percent of Qualcomm's 2013 revenue in China.

The company's shares rose by 1.2 percent to close at $67.11 in New York on Monday following the announcement, as investor concerns were dispelled.