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Qualcomm fined US$975m in China antitrust probe

Company also agrees to cut royalty rates, hopes case closure to lift business prospects

Mr Aberle says the China resolution is unlikely to affect the outcome of antitrust probes into Qualcomm in Europe and the US.


QUALCOMM Inc has agreed to pay a fine of US$975 million, the largest in China's corporate history, ending a 14-month government investigation into anti-competitive practices.

The deal - the details of which were first reported by Reuters on Monday - also requires Qualcomm