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/ China/ BusinessQualcomm may face huge finesUpdated: 2015-02-10 07:52By China Daily (China Daily)Comments Print Mail Large Medium  SmallThe National Development and Reform Commission is likely to complete its 14-month antitrust violation investigation into Qualcomm Inc, the worlds biggest chipmaker and release its findings soon.Qualcomm is likely to be hit with fines that would be several times over the total for all antitrust investigations last year, Xu Kunlin, head of the National Development and Reform Commissions bureau of price supervision and anti-monopoly and the department of price, was quoted as saying in an article posted on the website of the Securities Times on Monday.Sources said the fines on Qualcomm could be as high as 10 billion yuan ($1.6 billion), according to the report.”Its a groundless number,” a source familiar with the investigation told China Daily, without giving a specific number.He said the investigation is expected to end soon and much progress has been achieved in the discussions between the chipmaker and the regulator.The Anti-Monopoly Law allows the government to fine companies up to 10 percent of their annual revenue for monopoly practices.8.03KPhotoBleak outlook for art students six months after graduationA cat’s final momentsThe story of us: man draws story of him and his wifeOver 3,000 diners join long street banquet Farmer builds sports car out of woodScience study trips gain popularity in ChinaNow and then: Technology leads readers to turn the pageSleeping snapshots during chunyun More China NewsHundreds get a taste of GM riceRelaxed birth policy to see effectParty promotion video goes viralAccused who caused innocent mans execution sentenced to deathXi extends New Year wishes to veteransNet regulator to meet US ambassador on WeChatMore World NewsThailand, US launch annual Cobra Gold military exerciseCountries should promote equitable development that benefits allJakarta flood disturbs business, displaces residentsRobots replacing human factory workers at faster paceThe peeping eyes of the United StatesAustralias defense chief moves to clarify govt stance on submarine contractMost ViewedTodays Top NewsExtradition deal with US key to nabbing fugitivesLi urges greater effort on reformsChina, Japan need constructive ideasGovt requested to plant GM cropsSession to discuss economic issuesBan on Chinese researchers clarifiedChina may expand property tax trials…Editors PicksBleak outlook for art students six months after graduationA cat’s final moments Listen to your heartbeat at Times SquareUS launches drive to save monarch butterfly Messi inspires Barca with five-star performanceIce canoe races in QuebecHot TopicsSpecial CoverageTale of two citiesSpotlight on Chinas Constitution Beijing subway: more than fareBehind the glamour – poverty in ChinaVideoSlidePodcastPicturesTHE WEEK Feb 6: MC I dont know yaLAOWAI NOT: Its not about VodkaFigo charms soccer fans in GuangzhouSnowboarder towed by plane reaches speed of 78mph
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