Qualcomm fined for unfair practices

South Korea fines Qualcomm $854 million.

Don't violate the competition laws. Good stuff, keep everyone playing within the rules.

To be fair they deserve worse than that, Qualcomm has so many hidden agendas that it makes Intel look like an amateur skiddie. Qualcomm is the new Intel, just more evil and more infiltrated and more ruthless.

At least South-Korea does something against it. They have Samsung to defend of course, which is also not the smallest, but elsewehere, ARM bakers are preferring to lie low and let Qualcomm eat all the cake they want... which says enough about what kind of agendas Qualcomm is hiding...

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That sounds like a lot of conjecture. I'm interested, but I can't just believe everything I read on the internet. I'll do some research, but do you have some sources?

Just do some googling, Qualcomm is another large American corp and there have been numerous anti-trust investigations and calls for it to break up into smaller companies.

Just received this from our fearless leader...


"
Yesterday the Korea Fair Trade Commission (KFTC) announced that it has reached a decision in its investigation of Qualcomm, finding that certain of our company’s business practices are in violation of Korean competition law. The Commission intends to issue a corrective order relating to the specific practices at issue and impose an administrative fine of approximately 1.03 trillion South Korean Won (approximately $865 million at current exchange rates).

Qualcomm strongly disagrees with the KFTC’s announced decision, which we believe is inconsistent with the facts and the law, reflects a flawed process and represents a violation of due process rights owed to American companies under the Korea-U.S. Free Trade Agreement (KORUS). As such, once the KFTC issues a written decision and order, which could take up to several months, we intend to file for an immediate stay of the corrective order and appeal the decision to the Seoul High Court.

It’s important to note that our licensing program was approved by the Korean government when it started, and our business model and licensing program have not changed. Additionally, the Korean government has examined our practices in the past and found no fault. For decades, Qualcomm has worked hand-in-hand with Korean companies to foster the growth of the wireless Internet. Our technology and business model have helped those companies grow into global leaders in the wireless industry.

As disappointing as this decision is, it’s important that we not let it distract us or disrupt our momentum. The appeals process could take a long time – possibly years – but we have an exceptional legal team, as well as history, law and economics on our side. Our business practices – in Korea and everywhere else in the world – have always been pro-competitive and have created a tremendous amount of value, bringing immense benefits to consumers and fostering competition at all levels of the mobile ecosystem. We will continue to deliver the best technologies, services and products, just as we’ve always done.

...

-Steve
"

More or less just paraphrased from here: