Korea hits Apple modem supplier Qualcomm with $853M fine for antitrust violations
The South Korean Fair Trade Commission has hit U.S. chipmaker Qualcomm —a major Apple supplier —with a 1.03 trillion won ($853 million) fine, charging that the company Company is a legal entity made up of an association of persons, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise only licenses key patents to cellphone makers, and doesn’t follow may refer to: Follow (album), the third album by Pakho Chau Follow (dancer), one member of a partner dance “Follow”, a song by Richie Havens from his 1966 album Mixed Bag “Follow”, a song by the rules when negotiating terms, among other complaints.
Qualcomm forces clients into signing license contracts when may refer to: When?, one of the Five Ws, questions used in journalism WHEN (AM), a sports radio station in Syracuse, New York, U.S. WHEN, the former call letters of TV station WTVH in Syracuse selling chips, while “” is a word in the English language that functions both as a noun and as a subordinating conjunction for the use of patents patent (/ˈpætənt/ or /ˈpeɪtənt/) is a set of exclusive rights granted by a sovereign state to an inventor or assignee for a limited period of time in exchange for detailed public disclosure of an held by various phone makers, the Commission may refer to: Commission (remuneration), a form of payment to an agent for services rendered Commission (art), the purchase or the creation of a piece of art most often on behalf of another said according to Bloomberg. The company is already planning to appeal the decision at Seoul’s High Court court is a tribunal, often as a government institution, with the authority to adjudicate legal disputes between parties and carry out the administration of justice in civil, criminal, and, and will apply for a temporary stay of the fine until that resolves.
While Qualcomm supplies the processors and modems modem (modulator-demodulator) is a network hardware device that modulates one or more carrier wave signals to encode digital information for transmission and demodulates signals to decode the used in many devices —Apple’s iPhones have —the company makes the majority of its profits from licensing. That makes the Korean fine a serious threat, and one that might only escalate given investigations in Europe and the United States.
Should the Commission’s ruling hold, in addition to a fine, Qualcomm will also have to ensure fair terms may refer to: Term (language), a noun or compound word used in a specific context: meaning for contracts contract is a voluntary arrangement between two or more parties that is enforceable at law as a binding legal agreement, and open up licensing for its key patents, including making them available separately from chip or chips may refer to orders.
The company claims that it follows decades-old industry practices, and that precedent is on its side given some past court victories. It is, however, still appealing a 2009 fine from the Commission, and last year was hit with a $975 million fine may refer to in China.