China accuses Qualcomm of overcharging, abusing dominance

Through Kevin Yao and Matthew Miller BEIJING (Reuters) – China's anti-monopoly regulator on Wednesday said Qualcomm Inc. was suspected of overcharging and abusing its market place, allegations which could see the U.S. chip giant hit with document fines of more than $1 billion. The National Construction and Reform Commission (NDRC) additionally mentioned it was once in talks with every other U.S. know-how agency, InterDigital Inc, a couple of conceivable agreement to a separate anti-monopoly probe as the regulator makes a speciality of the swiftly evolving information expertise market. Foreign firms from drugmaker GlaxoSmithKline to Apple Inc are facing more difficult scrutiny on this planet's 2d-greatest economic system as China pursuits key industries to give protection to customers from bloated prices and 2d-rate products. In its first public statements concerning the Qualcomm investigation, the watchdog stated it began making enquiries after receiving complaints that the San Diego-primarily based company was charging larger costs in China than it does in other countries.