Qualcomm to part with $1 billion to settle China antitrust dispute

Qualcomm is set to take a rather hard hit on the company's finances, potentially being fined around $1 billion in China. According to a report by Reuters, the fine will be the result of a 14-month investigation by Chinese authorities into anti-competitive practices, and could be combined with Qualcomm lowering royalty fees by around a third on patents used in the region.

source: androidcentral