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Qualcomm charged with price fixing in China

China’s top economic planning agency has said that it has found the US chipmaker Qualcomm to be price fixing, according to a China Daily report published on December 12, 2013. Xu Kunlin, head of the department of price supervision at the National Development and Reform Commission, told China Daily that his agency had obtained “substantial evidence against” Qualcomm.

The National Development and Reform Commission (NDRC), China’s main macroeconomic management agency, is said to have collected a substantial amount of evidence of price-fixing by global semiconductor giant Qualcomm, which faces potential fines of up to US$1.2 billion, reports the Chinese-language Beijing Times.

 

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