Qualcomm to pay $975 mln to settle China antitrust dispute

(Reuters) - Chipmaker Qualcomm Inc said it would pay a fine of $975 million (£640.6 million) to China's National Development and Reform Commission to resolve a 14-month government investigation into anti-competitive practices. Reuters reported earlier in the day about the possible settlement, citing a source, who said the chipmaker and the regulator made significant progress during talks last week. Qualcomm said it would not pursue further legal proceedings contesting NDRC's findings.