The settlement of China's anti-trust probe into Qualcomm Inc is likely to intensify global scrutiny of the firm's highly profitable patent licensing business, and may even call into question its worldwide contracts with smartphone makers such as Apple and Samsung.
qualcomm
The Chinese government said on Friday that it will soon settle its antitrust investigation of U.S. mobile chipmaker Qualcomm Inc. The National Development and Reform Commission (NDRC), the country's anti-monopoly regulator which launched a probe of the San Diego-based
U.S. President Barack Obama pressed China's Xi Jinping during recent talks on the use of Chinese antitrust policy to limit royalty fees for foreign companies, an issue at the heart of a probe into U.S. mobile chipset maker Qualcomm Inc.
Intel Corp on Monday awarded $500,000 to a group of do-it-yourselfers who developed a wristband that converts to a camera-equipped drone to win a contest the chipmaker hopes will help guarantee it a leading position in the emerging market for wearable computing devices.
Broadcom (BRCM.O) posted third-quarter results on Tuesday that exceeded Wall Street's expectations as the chipmaker focused on networking and smartphone chips, sending its shares 5 percent higher.
Intel's investment of up to $1.5 billion in two fast-growing Chinese mobile chipmakers has effectively aligned the U.S. giant with a third party - a Beijing government intent on producing a viable domestic challenger to the likes of Qualcomm and Samsung.
The suddenly unstoppable U.S. dollar is posing a triple threat to American companies' profits: driving up the costs of doing business overseas, suppressing the value of non-U.S. sales and, perhaps most worryingly, signaling weak international demand.
Microsoft Corp chief executive Satya Nadella promised to cooperate fully with Chinese authorities in their antitrust investigation into his company during a meeting with a top regulator in Beijing, the Chinese government said.
Sharp Corp said it would begin mass-producing a new type of next-generation displays with Qualcomm unit Pixtronix from 2017, in the hopes that innovation would pay off in the long term as the firm nurses its finances back to health.
Chinese antitrust officials have met with their South Korean counterparts to discuss violations by U.S. chipmakerQualcomm Inc (QCOM.O), sources said, as Beijing reaches out to regulators overseas to complete a case that could result in record fines at home.
Gurgaon, India-based smartphone maker Micromax Informatics Ltd is eyeing the purchase of an undisclosed stake in Seoul, South Korea-based rival Pantech Co Ltd in a bid to expand internationally, according to unnamed sources.
New York, US-based automatic video editing startup Magistro raised $2 million in a recent funding round and has struck a deal that will integrate its technology into the Russian social network Odnoklassniki, which is owned by Mail.ru.
Magisto, the New York-based startup that provides automatic video editing services, has bagged a $2 million investment from Russian Internet firm Mail.ru Group, VentureBeat reported.
Denver, US-based health management firm Welltok secured $22.1 million in a Series C funding round led by New Enterprise Associates to build a new application that will encourage consumers to maintain a healthy lifestyle.
Qualcomm has announced that it had acquired 2,400 patents from Hewlett-Packard, including the patents from Palm which HP had bought in 2010 in a deal worth $1.2 billion, Gigaom reported.
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