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Qualcomm Fined $853 Million

Qualcomm Fined $853 Million

South Korea is accusing Qualcomm of breaking anti-trust laws. The fine is $853 million – the largest fine levied in South Korea. After a three year investigation, the Korea Fair Trade Commission concluded that Qualcomm violated Korean competition laws. The commission accuses Qualcomm of limiting access to its patents and forcing mobile phone manufacturers into unfair license agreements. Qualcomm will request an appeal to the decision from the Seoul High Court.

Last year, China filed a lawsuit against Qualcomm for similar antitrust violations. In 2015, the European Commission investigated Qualcomm for predatory pricing.

Source: The Register

Here’s more info on Qualcomm from Wikipedia:

Qualcomm is an American multinational semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services. It derives most of its revenue from chipmaking and the bulk of its profit from patent licensing businesses. The company headquarters are located in San Diego, California, United States, and has 224 worldwide locations. The parent company is Qualcomm Incorporated (Qualcomm), which includes the Qualcomm Technology Licensing Division (QTL). Qualcomm’s wholly owned subsidiary, Qualcomm Technologies, Inc. (QTI), operates substantially all of Qualcomm’s R&D activities, as well as its product and services businesses, including its semiconductor business, Qualcomm CDMA Technologies.

Qualcomm Fined $853 Million
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