Qualcomm said it would appeal a South Korean court decision on Wednesday to upho...
) said it would appeal a South Korean court decision on Wednesday to uphold a record $873 million fine against the U.S. chip giant for unfair business practices related to patent licensing and modem chip sales.
Judge Noh Tae-ak rejected the company’s appeal against the penalty imposed by the Korea Fair Trade Commission in 2016, saying Qualcomm had abused its dominant market position. The court however dismissed the regulator’s claims that Qualcomm had disadvantaged smartphone makers by signing “comprehensive” licensing deals, opening the door for the company to continue taking a cut of the price of the phone as a licence fee.
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