Qualcomm is on a mission to minimise fallout after losing the largest antitrust case in China, a verdict that forced the US chipmaker to cut the royalties it charges and slapped it with a record $975m fine.
The company is at pains to convince Beijing it is indispensable to a market that accounted for half its $26bn in revenues last year — and to the global ambitions of China’s national champions such as Xiaomi, the smartphone maker, PC manufacturer Lenovo and Huawei, the telecoms group. Each of these companies is a Qualcomm client.
An concern for Derek Aberle, group president, is that its message is not being heard. “One of the lessons that we learned [as a result of the antitrust
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