Qualcomm could be fined $900 million by South Korea over patent abuse

11
Qualcomm could be fined $900 million by South Korea over patent abuse
Qualcomm may face a $900 million fine if the Fair Trade Commission (FTC) of South Korea finds the company guilty of abusing its patents. According to allegations, Qualcomm has charged Korean manufacturers unreasonably steep fees for licensing its products, thus violating the principle of fair market competition. The first verdict of the FTC will be revealed on July 20, and should Qualcomm be found guilty of preliminary allegations, the company may face the largest fine ever issued by the FTC of South Korea.

An FTC official, speaking to The Korea Times, had this to say on the matter:



Qualcomm has been collecting royalties from manufacturers on a per-product basis, calculating the fees based on the value of the whole product, rather than only on the used Qualcomm-patented parts. The company has been collecting some $1.27 million annually from manufacturers such as LG and Samsung. Last year, Qualcomm faced a similar $1 billion fine after an anti-trust dispute in China.

source: The Korea Times via Android Authority

Get Visible as low as $20/mo for 1 year. Limited time offer with code: FRESHSTART

$20 /mo
$25
$5 off (20%)
Offer Ends 6.1.2026 at 11.59pm ET. New members get $5/mo off the $25/mg Visible plan, $35/mo Visible+ plan, or $45/mo Visible+ Pro plan for the first 12 months. Promo code FRESHSTART required at checkout.
Buy at Visible
Recommended For You
COMMENTS (11)
Latest Discussions
by readdriver • 1
by ECPirate37 • 1
by menooch18 • 2