Qualcomm wants to fight against record antitrust fines

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Among other things, the company is accused of having inflicted fees for unnecessary licenses on mobile phone manufacturers.


(Photo: Reuters)

Seoul The US semiconductor company has suffered a setback in its fight against a record antitrust penalty imposed by South Korea's competition watchdogs. A court in Seoul decided to uphold the fine of $ 873 million imposed for unfair business practices.

The world's leading supplier of mobile phone chips announced that it was contesting the verdict. Qualcomm is in the eyes of the authorities in several countries. Among other things, the company is accused of having inflicted fees for unnecessary licenses on mobile phone manufacturers.

Analysts believe that the recent court ruling in South Korea will not affect Qualcomm's market position. Another judgment is still in the US.

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Qualcomm (t) Semiconductor (t) Chips (t) Chip Industry (t) Seoul (t) South Korea (t) Process (t) Unfair Competition (t) Foreign Trade Law (t) Infineon (t) Semiconductor (t) Components

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