3 Dec by Vitaliy Dadalyan

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UPDATE 2-S.Korean court upholds record fine against U.S. chip giant Qualcomm

UPDATE 2-S.Korean court upholds record fine against U.S. chip giant QualcommA South Korean court on Wednesday upheld a record $873 million fine against U.S. chip giant Qualcomm for unfair business practices related to patent licensing and modem chip sales, rejecting the company’s appeal against the penalty. The ruling is a setback for Qualcomm as it battles customers over royalties and antitrust violations around the world, including an ongoing case brought by the U.S. Federal Trade Commission (FTC).

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