Feeds

Sweaty palm time at Qualcomm after Beijing launches probe

NDRC to investigate chipmaker under anti-monopoly law

Boost IT visibility and business value

Qualcomm is the latest US technology giant to find itself in trouble in China, having been placed under investigation in an anti-monopoly probe and suffering from the fallout over NSA spying revelations.

The San-Diego-headquartered chipmaker put out a short release on Monday local time revealing that a probe had begun under the auspices of China’s National Development and Reform Commission (NDRC), related to the country’s Anti-Monopoly Law (AML).

The statement continued:

The NDRC has advised that the substance of the investigation is confidential. The Company is not aware of any charge by the NDRC that Qualcomm has violated the AML. We will continue to cooperate with the NDRC as it conducts its confidential investigation.

The NDRC was the body that launched large scale investigations this year into foreign pharmaceuticals companies and instant milk powder makers operating in China.

The latter led to fines of $US110 million for price fixing while the UK’s GlaxoSmithKline is still in the dock for allegedly bribing doctors and officials.

The Qualcomm investigation could be yet another attempt by Beijing to flex its muscles, put another foreign business in its place and force it to lower prices.

CEO Paul Jacobs told the Wall Street Journal at the weekend that the firm is “seeing increased pressure” in China thanks to US restrictions on Chinese firms and revelations about NSA snooping on targets in the PRC.

He described doing business there as a “very delicate balancing act” but claimed Qualcomm still aims to grow its $1bn business in China.

Jacobs probably hopes the advent of LTE in the vast nation will help spur this growth. China Mobile will begin offering 4G services from December 18th. ®

Build a business case: developing custom apps

More from The Register

next story
Hello, police, El Reg here. Are we a bunch of terrorists now?
Do Brits risk arrest for watching beheading video nasty? We asked the fuzz
Munich considers dumping Linux for ... GULP ... Windows!
Give a penguinista a hug, the Outlook's not good for open source's poster child
Detroit losing MILLIONS because it buys CHEAP BATTERIES – report
Man at hardware store was right: name brands DO last longer
Snowden on NSA's MonsterMind TERROR: It may trigger cyberwar
Plus: Syria's internet going down? That was a US cock-up
UK government accused of hiding TRUTH about Universal Credit fiasco
'Reset rating keeps secrets on one-dole-to-rule-them-all plan', say MPs
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
e-Borders fiasco: Brits stung for £224m after US IT giant sues UK govt
Defeat to Raytheon branded 'catastrophic result'
Yes, but what are your plans if a DRAGON attacks?
Local UK gov outs most ridiculous FoI requests...
EU justice chief blasts Google on 'right to be forgotten'
Don't pretend it's a freedom of speech issue – interim commish
This'll end well: US govt says car-to-car jibber-jabber will SAVE lives
Department of Transportation starts cogs turning for another wireless comms standard
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.