SEOUL: Qualcomm said it would appeal a South Korean court decision on Wednesday to uphold a record US$873 million fine against the U.S. chip giant for unfair business practices related to patent licensing and modem chip sales.
The court also confirmed some remedies proposed by the KFTC, including an order for Qualcomm to stop discriminating against rivals who sought to use its essential mobile patent and develop competing modem chips to supply smartphone makers. The company forecast between US$1.3 billion and US$1.5 billion in revenue for that segment for its fiscal first quarter, above analyst expectations, according to IBES data from Refinitiv.
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