Qualcomm Agrees to Settle Lawsuit with Chinese Government for Nearly $1 Billion

Discussion in 'Android News' started by dgstorm, Feb 10, 2015.

  1. dgstorm

    dgstorm Editor in Chief
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    It looks like Qualcomm is starting off 2015 with a couple of big handicaps. First we find Samsung will probably be skipping using Qualcomm's Snapdragon 810 in the new Samsung Galaxy S6, which sent the company's stock into a quick dive. On top of that Qualcomm is being hit with a massive fine of nearly $1 Billion dollars.

    In case you missed it, the Chinese government has been embroiled in an anti-trust lawsuit with Qualcomm over the past 14 months. Qualcomm was accused of price fixing and abusing their position in the market. The news came down today that Qualcomm has decided to settle with the Chinese Government and basically agreed to their terms, to the tune of a $975 Million (USD equivalent) fine. On top of that, it will also be required to lower the rates of royalties it has been collecting for patents in China by a third.

    Here's a quote with a few more details,

    Do you think these "hiccups" will slow Qualcomm's dominance in the world's mobile tech landscape?

    Source: Reuters
     
  2. grenefroggie

    grenefroggie Super Moderator
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    I think this is a minor setback for them. They purchased Atheros, which puts them in a big spot in just about every wireless market in the world. $1Bil is not much for a company that large.
     
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  3. akhenax

    akhenax Silver Member

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    It's not a setback at all. Since Qualcomm is an American company (surprise!) they are kissing up to the country that accounts for 50% of their profit margins. In the end, Qualcomm is going to be strengthening ties with China to become the dominant mobile chip maker in the world.
     
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  4. grenefroggie

    grenefroggie Super Moderator
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    One could argue this, but they already are the dominant chip maker, IMO.
     
  5. jakenader123

    jakenader123 Member

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    That's what happens when Qualcomm gets lazy. Their hasn't been a performance increase since the nexus 5. Then in 2014 they came out with the 801 for all flagship smart phones. Wow the lg g3 has the same processor but a higher resolution. Flagships like the s5 and HTC one and lg g3 should have had the 805 at least. It is just imbarising that apple beat them to 20 nm where real innovation is.
     
  6. Ollie

    Ollie Droid Does

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    Samsung's 7420 is 14nm. Which coincidentally enough is what Apple's A9 will be...much later this year.
     
  7. boidsonly

    boidsonly Active Member

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    Right now China is more concerned with stealing 14nm finfet tech from Samsung.
     
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  8. Ollie

    Ollie Droid Does

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    They should be spying what Intel is doing. They are working on 10nm and have 7nm R&D in full swing.
     
  9. akhenax

    akhenax Silver Member

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    But it's not ARM based.