Qualcomm facing $1billion fine or ban in China over trues issues

Qualcomm, the California, United States giant semiconductor outfit has been found to have been engaging in anticompetitive practice, a government investigation in China is about to announce.

Agents of China’s National Development and Reform Commission (NDRC) have been internally carrying out a 14-month scan on the company and cited that “significant progress” have been in a statement released last week.

If found guilty, Qualcomm could be on its way to paying a $1 billion fine to the Chinese, the biggest amount ever fined towards a company in the Peoples’ Republic. But panic not, Qualcomm isn’t likely to be deterred much even if the fine is carried out. The company earned nearly half of its $26.5 billion revenue last year from China alone and will be more than happy to make the payment in order to be left alone in the country.

Charles Borrowmeo

Web designer, Internet marketer and blogger. I love listening to hip-hop, soul and R&B. When I'm not surfing the Internet, you'll find me playing video games, skating or watching football (die-hard Chelsea FC supporter).

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