Chinese regulators are a step closer to issuing sanctions against US mobile phone chipmaker Qualcomm, which puts chips in most of China’s 4G smartphones, a state newspaper said yesterday.
As Qualcomm’s chief executive Steven Mollenkopf arrived in Beijing this week for more talks with the government, the Securities Times said an investigation into Qualcomm has determined that the company constitutes a monopoly, although no punishment has been decided.
The Securities Times newspaper is published by the People’s Daily, the Communist party mouthpiece.
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