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South Korea fines Qualcomm $850 million for its patent licensing practices

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South Korea fines Qualcomm $850 million for its patent licensing practices

By Romain Dillet

LAS VEGAS, NV - JANUARY 06: Qualcomm CEO Steve Mollenkopf speaks during a press event at the Mandalay Bay Convention Center for the 2014 International CES on January 6, 2014 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs from January 7-10 and is expected to feature 3,200 exhibitors showing off their latest products and services to about 150,000 attendees. (Photo by Justin Sullivan/Getty Images)

American chipmaker Qualcomm is in trouble in South Korea. The country’s antitrust regulator has fined the company roughly $850 million (1.03 trillion won) for its patent royalty activities in South Korea. Many of you are familiar with Qualcomm for its chips. The next time you read the tech specs of your favorite smartphone, chances are that you’ll find a Qualcomm chip. The… Read More

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Source:: TechCrunch Gadgets

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