The penalty—amounting to 6.088 billion Chinese Renminbi—was part of a resolution with China's National Development and Reform Commission, which had investigated the firm under the country's anti-monopoly law.
The NDRC issued an official decision that Qualcomm had violated this law, and the company agreed not to contest that finding.
"We are pleased that the investigation has concluded and believe that our licensing business is now well positioned to fully participate in China's rapidly accelerating adoption of our 3G/4G technology," Derek Aberle, Qualcomm's president, said in a news release. "We appreciate the NDRC's acknowledgment of the value and importance of Qualcomm's technology and many contributions to China, and look forward to its future support of our business in China."
As a result of this resolution, Qualcomm updated its financial guidance for fiscal year ending Sept. 27, 2015. The company said its revenue is now estimated to be $26.3 billion to $28.0 billion compared to prior guidance range of $26.0 billion to $28.0 billion.
Additionally, it updated its non-GAAP diluted earnings per share estimates to $4.85 to $5.05 (which excludes the charge from the fine imposed by the NDRC), compared to the prior guidance range of $4.75 to $5.05.