<p>Qualcomm, the world's biggest cellphone chip maker, may face a record fine of over USD 1 billion in China for overcharging and abusing its market position in wireless communication standards.<br /><br /></p>.<p>The final decision may include a record fine and changes as to how Qualcomm licenses its technology to handset makers in China.<br /><br />China's National Development and Reform Commission (NDRC) has said it suspects US firm Qualcomm of overcharging and abusing its market position in wireless communication standards.<br /><br />The company is likely to face fines exceeding USD 1 billion, industry experts were quoted as saying by China Daily.<br /><br />Qualcomm is the top patent holder for cellphone technology, including many that form industry standards like CDMA and LTE.<br /><br />Charging royalties based on the cellphones' selling prices, even those made with competitors' chips, provided more than half of its USD 8 billion net income last year.<br /><br />China contributed approximately half of Qualcomm's total revenue in fiscal 2014.<br />The Chinese investigation is one of several Qualcomm has faced. <br /><br />The company was hit with a USD 20-million fine in South Korea in 2009 and was forced to renegotiate licensing agreements with Nokia and others by the European Commission in 2007.<br /><br />Qualcomm is one multinationals firms along with Microsoft and top Auto companies which in recent times faced investigations into anti-trust laws.<br /><br />The government denied allegations of targeting multinational firms to provide advantage to the Chinese companies.</p>
<p>Qualcomm, the world's biggest cellphone chip maker, may face a record fine of over USD 1 billion in China for overcharging and abusing its market position in wireless communication standards.<br /><br /></p>.<p>The final decision may include a record fine and changes as to how Qualcomm licenses its technology to handset makers in China.<br /><br />China's National Development and Reform Commission (NDRC) has said it suspects US firm Qualcomm of overcharging and abusing its market position in wireless communication standards.<br /><br />The company is likely to face fines exceeding USD 1 billion, industry experts were quoted as saying by China Daily.<br /><br />Qualcomm is the top patent holder for cellphone technology, including many that form industry standards like CDMA and LTE.<br /><br />Charging royalties based on the cellphones' selling prices, even those made with competitors' chips, provided more than half of its USD 8 billion net income last year.<br /><br />China contributed approximately half of Qualcomm's total revenue in fiscal 2014.<br />The Chinese investigation is one of several Qualcomm has faced. <br /><br />The company was hit with a USD 20-million fine in South Korea in 2009 and was forced to renegotiate licensing agreements with Nokia and others by the European Commission in 2007.<br /><br />Qualcomm is one multinationals firms along with Microsoft and top Auto companies which in recent times faced investigations into anti-trust laws.<br /><br />The government denied allegations of targeting multinational firms to provide advantage to the Chinese companies.</p>