After completing seven rounds of talks with Qualcomm CEO Derek Aberle and his staff earlier this month, China is close to announcing a ruling in its anitrust suit against the U.S. based wireless chipmaker. An online statement from China’s antitrust regulators, the National Development and Reform Commission (NDRC), said that the case would be settled based on the law.
The Chinese government said on Friday that it will soon settle its antitrust investigation of U.S. mobile chipmaker Qualcomm Inc. The National Development and Reform Commission (NDRC), the country’s anti-monopoly regulator which launched a probe of the San Diego-based company 13 months ago, said the case would be settled lawfully, according to an online statement. The notice cited Xu Kunlin, director general of NDRC’s anti-monopoly bureau. The NDRC also said it had completed its seventh round of discussions with Qualcomm President Derek Aberle and his team earlier this month. Qualcomm will continue to cooperate with the regulator to reach a settlement, the NDRC statement said. A company spokeswoman could not immediately be reached for comment.
