Reuters logo
China Premier says Qualcomm's "opportunities greater than challenges"
November 20, 2014 / 8:03 AM / 3 years ago

China Premier says Qualcomm's "opportunities greater than challenges"

BEIJING, Nov 20 (Reuters) - Qualcomm Inc’s opportunities in China will be far greater than its challenges, Premier Li Keqiang said Thursday as the U.S. mobile chipmaker prepares to face a potentially record-breaking fine for antimonopoly violations in the country.

Li’s comments, made at the World Internet Conference, were the first by a senior Chinese leader since Qualcomm came under investigation by the anti-monopoly regulator, the National Development and Reform Commission (NDRC), in November 2013.

The company has been in talks with the regulator, with a settlement expected soon.

Speaking at an event with Qualcomm Executive Chairman Paul Jacobs and other technology executives Thursday, Li said he believed Qualcomm could come to a solution with Chinese authorities but emphasized the need for a “level playing field” for tech companies in the Chinese market. (Reporting by Paul Carsten; Writing by Gerry Shih; Editing by Miral Fahmy)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below