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22.05.2019 20:05:00

Judge Rules for FTC, Says Qualcomm Violated Antitrust Law

A federal judge sided with the Federal Trade Commission (FTC) and ruled that Qualcomm (NASDAQ: QCOM) used anticompetitive practices to unlawfully stifle competition related to wireless modem technology used in smartphones. The Tuesday ruling found that the chipmaker abused its dominant position in the industry and resorted to unfair licensing practices that "strangled competition." U.S. District Court Judge Lucy Koh handed down a comprehensive 230-page decision, laying out a list of practices that Qualcomm used to force mobile phone makers to pay excessive fees for use of its patents, many of which are considered "industry-essential," and are therefore required to be licensed at fair and reasonable terms. Image source: Getty Images.Continue reading
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Intel Corp. / Microsoft Corp. / Qualcomm Inc. 45380745 25.08.2020 9.92 %

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