China will soon settle Qualcomm Inc antitrust investigation

On Friday the Chinese government announced that it will soon settle the ongoing antitrust investigation of the American mobile chipmaker Qualcomm Inc.

China’s anti-monopoly regulator, the National Development and Reform Commission (NDRC), began the probe of Qualcomm Inc 13 months ago.

In an online statement the agency said that the case will be settled according to the law and the NDRC has finished its seventh round of talks with Qualcomm Chief Executive Officer Derek Aberle and other key company figures earlier this month.

In February the NDRC accused the chipmaker of abusing its position in the wireless communications market and overcharging customers.

A final decision is expected to force the company of potentially paying over $1 billion in fines, according to Reuters.