US chipmaker to be deemed monopoly

Qualcomm could face penalties of up to 10% of its mainland revenues

China's antitrust regulator will soon announce that Qualcomm has monopoly status in the mobile chip market, an official from the National Development and Reform Commission said on Thursday.

Xu Kunlin, director of the price supervision and anti-monopoly bureau under the NDRC, told China Daily that its investigation regarding the US chipmaker is near an end and will be made public "very soon".