Just recently, it acquired US$9.75 million in China and adjusted its technology patent licensing strategy.Reached an antitrust settlementQualcomm is now facing an investigation by the Korea Fair Trade Commission (KFTC) into possible antitrust violations in the South Korean market. Prior to this, Qualcomm was fined $2009 million by the KFTC in 2 for market monopoly.
According toReuters NewsCiting sources, the Korea Fair Trade Commission (KFTC) is investigating whether Qualcomm has engaged in market monopoly in the Korean market. The commission will consult with Qualcomm's partners, including mobile phone manufacturers like Samsung and LG, and will also listen to Qualcomm's competitors, including chip manufacturers like Intel, to determine whether Qualcomm has engaged in market monopoly.
Qualcomm was previously fined $2009 million by the Korea Fair Trade Commission in 2 for market monopoly. Qualcomm has not commented on the matter, and the Daily Economic News' sources did not provide further details.
Qualcomm had just reached a settlement with the Chinese government in the Chinese market by paying a fine of US$9.75 million and adjusting its technology patent licensing strategy. It also accepted the renegotiation of technology licensing fees with its Chinese partners. In addition, it is now facing another investigation by the South Korean government to determine whether it is involved in monopoly, which may further affect Qualcomm's annual financial report results.
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South Korea antitrust body investigating Qualcomm: source (Reuters news website)
