FILE PHOTO: An indication on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake
(Reuters) – Qualcomm Inc unlawfully suppressed competitors available in the market for cellphone chips and used its dominant place to impose extreme licensing charges, a U.S. judged dominated, sending the corporate’s shares down 13 p.c in pre-market commerce.
“Qualcomm’s licensing practices have strangled competitors within the CDMA and the premium LTE modem chip markets for years, and harmed rivals, OEMs, and finish customers within the course of,” U.S. District Decide Lucy Koh wrote in a ruling on Tuesday.
Qualcomm’s working section…