Qualcomm abused power, according to FTC


The American chip producer Qualcomm has abused its market power in license negotiations.

That has been determined by an American judge in a case brought by telecom regulator FTC. Qualcomm has now been placed under surveillance for seven years. The share fell 11% before the stock exchange.

Qualcomm only wanted to deliver chips to companies that also took licenses on the company’s patents. In addition, the chip maker demanded far too high amounts for the use of patents that were declared ‘essential’ for certain technologies such as 4G or WiFi.

Reasonable license fees must be requested for this, which must also be the same for everyone. In other countries, Qualcomm has already received various fines in recent years for its licensing practices.

Tech giant Apple also went to battle against the chip maker for that reason, but finally settled the case last month.

By: Abaigael Schlomski

Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.

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