Qualcomm Says Licensing Deals with 'Most' China Smartphone Makers Renegotiated

(Beijing) – Leading U.S. telecoms chipmaker Qualcomm Inc. said on Friday it has signed new licensing deals with "most" of China's smartphone brands, following its landmark settlement of a probe by the country's antitrust regulator nearly two years ago.

Qualcomm was fined nearly $1 billion as part of its settlement with China's National Development and Reform Commission (NDRC), which ruled the U.S. company's licensing practices were anti-competitive. As part of the settlement, Qualcomm was required to renegotiate all of its agreements with the many Chinese smartphone makers that use its chips.