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Qualcomm fined CNY 6.1 bln in China competition case

2015-02-09 22:26:00| Telecompaper Headlines

(Telecompaper) Qualcomm has agreed to pay a fine of CNY 6.088 billion (USD 975 million) in order to put an end to a competition investigation in China. The US-based company confirmed that it had reached a resolution with China's National Development and Reform Commission (NDRC) regarding the NDRC's investigation of Qualcomm under China's Anti-Monopoly Law (AML). Qualcomm will not appeal the decision that it violated the AML and agreed to pay the fine as well as implement changes in its business practices in China.

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Qualcomm nears settlement in China competition case - report

2015-02-09 15:13:00| Telecompaper Headlines

(Telecompaper) Qualcomm is likely to pay China a record fine of around USD 1 billion, ending a 14-month investigation into anti-competitive practices, Reuters reports. The US-based chipmaker and the Chinese regulator made significant progress during talks in the past week and a settlement could be announced in the coming days, an unnamed source told the news agency. The deal may also see Qualcomm lower its royalty rates by around a third on patents used in China. China's National Development and Reform Commission (NDRC) will soon release a new antitrust settlement, said Xu Kunlin, the head of the agency's antitrust division, at a law conference 09 February, according to an article posted on the website of the official Securities Times. "Qualcomm will be fined several times the total amount the NDRC fined last year," he said. A Qualcomm spokeswoman declined to comment.

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LINDAR's Tamper Obvious Package Wins Thermoforming Competition

2015-02-06 11:31:00| Industrial Newsroom - All News for Today

LINDAR Corporation, a leading manufacturer of plastic food containers, recently received a Gold Award for its Simply Secure two-piece packages from the Society of Plastics Engineers (SPE). The award was presented during the SPE Thermoforming Division's annual conference in Schaumburg, Ill. Awards were given in 11...

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SABMiller cleared again in South Africa competition case

2015-02-05 16:15:00| Daily beverage news and comment - from just-drinks.com

A decision to clear SABMiller over claims that it engaged in anti-competitive behaviour in South Africa has been upheld.

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US Navy delays competition for carrier-based drones

2015-02-03 01:00:00| Naval Technology

The US Navy has revealed plans to delay the competition for new carrier-based unmanned strike and surveillance aircraft until after the completion of a comprehensive review of requirements for the fiscal year 2016.

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