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China declared Qualcomm is monopoly

Staff writer ▼ | July 26, 2014
Chinese regulators have concluded that chip manufacturer Qualcomm has a monopoly, a government newspaper reported.
Investigation complete   The company abused its dominant market position
Regulators have completed an investigation of Qualcomm, the China Daily newspaper said, citing Xu Kunlin, director of the anti-monopoly bureau of the National Development and Reform Commission, China's economic planning agency.

Xu said Qualcomm "has a monopoly," the newspaper said. Chinese regulators said earlier they were investigating whether Qualcomm abused its dominant market position by charging excessive fees for technology.

The government has complained about the high cost of licenses for foreign technology. It is stepping up scrutiny of foreign companies and has cited its 2008 anti-monopoly law in ordering changes to acquisitions or business practices. There have been few court rulings so far on cases under the 2008 anti-monopoly law.