Qualcomm Faces $854 Million Fine in South Korea

...

The Korea Fair Trade Commission (KFTC) found Qualcomm's patent licensing and modem chip sales practices unfair, and proposed what is South Korea's largest fine to date, Reuters reported. The commission said that Qualcomm refused to license its chipset patents in some cases and used its market position as leverage to impose unfair licensing agreements in others.

In addition to the fine, Qualcomm must re-negotiate existing patent license agreements and use third-party negotiators in future patent discussions.

"This case is meaningful in that it fundamentally remedies the business model that made it possible for Qualcomm to unfairly maintain and expand its dominance for an extended period of time in the cellular SEP license and modem chipset markets," the KFTC wrote in its report.

In a statement Wednesday, Qualcomm said that it plans to appeal the decision in Korean court once a written order is issued, which could take up to six months.

"This is an unprecedented and insupportable decision relating to licensing practices that have been in existence in Korea and worldwide for decades and that the KFTC reviewed but did not question in a previous investigation of Qualcomm," the company said in a statement.

San Diego-based Qualcomm makes a wide variety of chipsets for everything from drones to cars, but it is perhaps best known in the US for its Snapdragon smartphone processors. They power many high end devices sold worldwide, including phones from Korean manufacturers, like the Samsung Galaxy S7.

This is not the first time Qualcomm has faced anticompetitive accusations in Korea. The KFTC levied a similar fine in 2009, for $208 million. The company also paid a $975 million fine in China last year, Reuters reported.

Categories
APPLICATIONS
0 Comment

Leave a Reply

Captcha image


RELATED BY

  • 5300c769af79e

    Emsisoft Anti-Malware 11.0

    Compare Similar ProductsCompare Bitdefender Antivirus Plus 2016 %displayPrice% Kaspersky Anti-Virus (2016) %displayPrice% McAfee AntiVirus Plus (2016) %displayPrice% Webroot SecureAnywhere AntiVirus (2016) %displayPrice% Trend Micro Antivirus+ Security 2016 %displayPrice% Avast Pro Antivirus 2016 %displayPrice% AVG AntiVirus (2016) %displayPrice% Daily Safety Check Home Edition %displayPrice% ESET NOD32 Antivirus 9 %displayPrice% F-Secure Anti-Virus 2016 %displayPrice% Malwarebytes Anti-Exploit Premium %displayPrice% Panda Antivirus Pro 2016 %displayPrice% You can protect one PC with Emsisoft for $39.In Emsisoft's case, the on-access scan didn't kick in until I copied the files to another folder.
  • 5300c769af79e

    Officials Named in Panama Papers Cower Behind China's Great Firewall

    The leaked documents reportedly listed several top Chinese officials who used Panamanian law firm Mossack Fonseca to set up offshore companies.The Chinese government issued a notice ordering the media to find and delete any reprinted reports regarding the Panama Papers, according to a report in the China Digital Times.
  • 5300c769af79e

    Motorola Announces Hasselblad Moto Mod for Moto Z Family, Priced at $249

    The oft-leaked Hasselblad camera Moto Mod for the Moto Z family is now official.Known as the Hasselblad True Zoom, this is a Moto Mod for those who want just a bit more in the camera department while on the go and with smartphone in pocket.
  • 5300c769af79e

    Facebook, Twitter to Tackle Fake News

    In the wake of several fake trending news gaffes, Facebook has joined an organization dedicated to tackling misinformation online, alongside Twitter and more than two dozen other tech and media titans.The First Draft Coalition formed in June 2015, with support from Google News Labs.