China fines Qualcomm $975 million over anti-monopoly claim

China has fined chipmaker Qualcomm 6 billion yuan ($975 million) in the biggest of a wave of anti-monopoly penalties that have rattled foreign companies.

Beijing is investigating foreign automakers, technology suppliers and other companies in what appears to be an effort to force down prices. Business groups say the secretive way the investigations are conducted is alienating companies but regulators deny they are treated unfairly.

See also: Qualcomm confirms its Snapdragon 810 lost a major smartphone customer

China is the world's biggest manufacturer of mobile phones and other wireless devices. Its government has complained about the high cost of licenses for foreign technology. Read more...

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