China's National Development and Reform Commission, or NDRC, has slapped a record fine of 6 billion yuan, (994 million dollars) on mobile chip maker Qualcomm after an anti-trust probe, Chinese media outlets reported on Tuesday.
"Qualcomm's practices hampered innovation and technology development, harmed consumers' rights and interests, and violated China's relevant anti-monopoly rules," an NDRC statement said.
Qualcomm has, meanwhile, pledged to adhere to the fine and deal with the modification of its licensing practices, according to the sources.
