U.S. judge says Qualcomm violated antitrust law; appeal planned, shares plunge

  • 📰 Reuters
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 23%
  • Publisher: 97%

Qualcomm Inc illegally suppressed competition in the market for smartphone chips...

United States Headlines News

United States Latest News, United States Headlines

- Qualcomm Inc illegally suppressed competition in the market for smartphone chips by threatening to cut off supplies and extracting excessive licensing fees, a U.S. judge ruled, a decision that could force the company to overhaul its business practices.

“Qualcomm’s licensing practices have strangled competition” in parts of the chip market for years, harming rivals, smartphone makers, and consumers, Koh wrote in a 233-page decision. “We strongly disagree with the judge’s conclusions, her interpretation of the facts and her application of the law,” general counsel Don Rosenberg said in a statement.

It is unclear whether the sanctions will be challenged by the U.S. Department of Justice, which had asked Koh on May 2 to hold a hearing on that matter if Qualcomm were found liable. “With practices that result in exclusivity and eliminate opportunities to compete for OEM business, Qualcomm undermines rivals in every facet,” she wrote.

Koh also said testimony from some Qualcomm witnesses “lacked credibility,” faulting Chief Executive Steve Mollenkopf and others for giving “long, fast, and practiced narratives” and saying company emails and notes contradicted his testimony.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

HUAWEI was one of these that testified....Insane.

So does Google, I hope US judges go after Google as well.

Ils vont pleurer les ricains après le coup de tonnerre Huawei ils se mettent une balle dans le pied avec. Ça

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walmart, Target, Bed Bath must face lawsuit over fake 'Egyptian' cotton: NY judgeA federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must fac... Who will sue these companies?!! AlsisiOfficial المفروض التحرك و المقاضاة من طرفنا احنا ؟!!! العلامه التجارية هتفضل مشغله مزارعين و صناع في مصر باعداد مهوله ؟! And it truly came from Huaweiland?
Source: Reuters - 🏆 2. / 97 Read more »

Merck buys Peloton to expand its kidney cancer treatment portfolioU.S. drugmaker Merck & Co Inc on Tuesday agreed to buy Peloton Therapeutics Inc ... RT : Merck buys Peloton to expand its kidney cancer treatment portfolio
Source: Reuters - 🏆 2. / 97 Read more »

Merck to buy cancer drug developer Peloton for $1.05 billion in cashMerck & Co Inc said on Tuesday it would buy Peloton Therapeutics Inc for $1.05 b... Just ensuring there will never be a cure. No money in that. Oh. That can only be good news for us, right? 🙄 Are they the same company that made the gas for the gas chambers in ww2 for the nazis?
Source: Reuters - 🏆 2. / 97 Read more »

U.S. judge rules Qualcomm practices violate antitrust lawQualcomm Inc unlawfully suppressed competition in the market for cellphone chips... Does such a violation exist anymore?
Source: Reuters - 🏆 2. / 97 Read more »

Luckin Coffee Inc. ADRLuckin Coffee Inc. ADR stock price, stock quotes and financial overviews from MarketWatch. Fat chance. The coffee isn't that great and people in China go to Starbucks not just for the coffee but to relax and be seen. A knockoff is always a knockoff.
Source: MarketWatch - 🏆 3. / 97 Read more »

‘Dark clouds over Fremont’: Tesla enters survival mode as stock price dropsElon Musk’s growth story is looking more like a fable as Tesla Inc. enters survival mode. Potential sales to China could be cut by half due to trade war. The overall auto market in China already is seeing a sales decline for the first time in a generation. The auto market in the U.S. is softening as well. winning Dude sells flame throwers to sycophants and boring holes to dumber cities. Check his house tho... Tesla will not be around much longer
Source: latimes - 🏆 11. / 82 Read more »

Macy's CEO says tariff escalation could hurt businessMacy's Inc said on Wednesday the latest tariffs on Chinese imports by Washi... To ba What about BOB’s discounts? Macy's need to buy from USA instead of China.
Source: Reuters - 🏆 2. / 97 Read more »

Overstock CEO defends personal stock sale after shareholders question moveOverstock.com Inc Chief Executive Officer Patrick Byrne on Friday hit out at sha... It's not a big deal. He just had too much stock RT : Overstock CEO defends personal stock sale after shareholders question move I’m thinking other stockholders should follow his lead. Overstock stockholders
Source: Reuters - 🏆 2. / 97 Read more »

InterDigital expects to be able to license 5G tech to Huawei, despite U.S. banInterDigital Wireless Inc said on Monday that it can license its 5G network tech...
Source: Reuters - 🏆 2. / 97 Read more »

Cisco beats earnings target, says has cushioned supply chain from tariffsCisco Systems Inc reported better-than-expected quarterly earnings on Wednesday ...
Source: Reuters - 🏆 2. / 97 Read more »

Buffett's Berkshire unveils $861 million Amazon stakeWarren Buffett's Berkshire Hathaway Inc said it owned $860.6 million of Ama... Boo! million 😂 Shirkbeer Riverphuche
Source: Reuters - 🏆 2. / 97 Read more »