Qualcomm might soon find itself in some legal hot water in China.
Xu Kunlin, head of the National Development and Reform Commission in China, revealed to reporters Wednesday that his agency has "substantial evidence" chipmaker Qualcomm could be engaging in price fixing, according to a report Thursday from China Daily. The report did not reveal any details about the evidence the NDRC has against Qualcomm.
Qualcomm confirmed last month that the Chinese government had launched an investigation into its business, but said it was not aware of any violations. The company promised to cooperate with investigators.
If Qualcomm … Read more