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China Tries Conciliation In Qualcomm Settlement

After several months of reading reports that China was on the verge of wrapping up its antitrust probe of US telecoms chip giant Qualcomm (QCOM), I'm happy to report that a landmark settlement of the deal has finally come. Headline writers will inevitably focus on the eye-catching figure of nearly $1 billion, which is the record amount that Qualcomm has agreed to pay to settle a probe that has lasted more than a year. But I'm most impressed by the unprecedented atmosphere of conciliation that came with this particular negotiation, which marks a huge change for Beijing regulators who are used to making decisions unilaterally with limited or no input from affected companies. Read more