Mobile CPU giant Qualcomm has released a lengthy statement denying any wrong-doing after Chinese media claimed regulators have “substantial evidence” in an anti-monopoly investigation which could lead to over $US1bn in fines for the firm. Qualcomm revealed at the end of November that China’s National Development and Reform …
It's a bit rich for a single party socialist state to start lecturing companies on monopolistic practices.
Totally agree, still it will not stop a mad bull rush!
"Qualcomm continued by arguing that thanks to its chips Chinese companies have grown to become “among the top manufacturers in the mobile industry”.
Reads like a dope dependency strategy.
The new Intel?
Re: Creating dependency?
Socialists have a hard time differentiating between "Robust Competition" and "Monopolistic Practices".
As evidenced by Neelie Croes.
The European Intel fine is still subject to appeal, BTW.
I have the same respect and admiration for Qualcomm as I do for Oracle. And I wish them both well...
(OK, seriously why do we still have no irony icon?)