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Chinese regulator urges Qualcomm to help local companies make money |
September 11, 2014
Qualcomm is being urged by a top Chinese regulator to make money in the country in tandem with its local partners.On Wednesday, Lu Wei, the head of China’s State Internet Information Office, weighed in on the country’s anti-monopoly investigation into Qualcomm. He was speaking at a panel during a World Economic Forum event in Tianjin, China, where Qualcomm’s executive chairman Paul Jacobs was also among the speakers.“First, I want to congratulate you,” Lu told Jacobs at the panel, which was also webcast. He pointed to how Qualcomm made US$24 billion in revenue during the company’s last fiscal year, with nearly half of it from China.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2606092/chinese-regulator-urges-qualcomm-to-help-local-companies-make-money.html#tk.rss_all
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