China imposes record antitrust fine on Qualcomm | Practical Law

China imposes record antitrust fine on Qualcomm | Practical Law

On 10 February 2015, the Chinese National Development and Reform Commission (NDRC) announced on its website that it had imposed a fine of RMB6.088 billion (approximately USD975 million) on the US company Qualcomm. This is the largest ever antitrust fine in China, and dwarfs China's previous largest fine on a single company of RMB290 million (approximately USD46 million) levied in August 2014.

China imposes record antitrust fine on Qualcomm

Practical Law UK Legal Update 6-602-3865 (Approx. 2 pages)

China imposes record antitrust fine on Qualcomm

Published on 02 Mar 2015 • China
On 10 February 2015, the Chinese National Development and Reform Commission (NDRC) announced on its website that it had imposed a fine of RMB6.088 billion (approximately USD975 million) on the US company Qualcomm. This is the largest ever antitrust fine in China, and dwarfs China's previous largest fine on a single company of RMB290 million (approximately USD46 million) levied in August 2014.