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Qualcomm Nears Deal Resolving China Antitrust Dispute

Qualcomm is likely to pay China a record fine of around $1 billion, ending a 14-month government investigation into anti-competitive practices, after the U.S. chipmaker and the regulator made significant progress during talks last week. The deal, which may also see Qualcomm lower its royalty rates by around a third on patents used in China, could be announced as soon as Monday, a source said. Discussions in Beijing over one of the most contentious cases under China's 2008...

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