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revlis

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revlis

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Friday, 08/22/2014 5:36:10 PM

Friday, August 22, 2014 5:36:10 PM

Post# of 28442
China regulators says Qualcomm seeks to end anti-trust probe

U.S. chipmaker Qualcomm Inc (QCOM.O) is seeking to end an investigation by China's pricing regulator into monopoly practices, the company said on Friday, expressing its willingness to improve and correct pricing issues according to the regulator.

The National Development and Reform Commission (NDRC), in a statement on its website, said its officials had met on Thursday with a delegation from Qualcomm which included company President Derek Aberle.

"Qualcomm executives discussed with NDRC officials several topics in an effort to reach a comprehensive resolution," the company said in an e-mailed statement. "We are continuing to cooperate with NDRC and cannot comment further."

The NDRC gave no further details.

http://www.reuters.com/article/2014/08/22/us-qualcomm-china-idUSKBN0GM0O220140822
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