Qualcomm Executive Chairman Paul Jacobs had some choice words on Thursday for the Federal Trade Commission, which filed a lawsuit Tuesday accusing the semiconductor company of engaging in anticompetitive tactics.
“We were in the process of discussing it with the FTC,” Jacobs told Yahoo Finance anchor Alexis Christoforous during an interview at the World Economic Forum in Davos, Switzerland, on Thursday. “They … rushed the complaint out.”
The lawsuit accuses Qualcomm (QCOM), the dominant supplier of modem chips used by mobile phones, of maintaining a monopoly over those chips through a policy that imposed “onerous” supply and patent-licensing terms on phone partners, which include some of the largest handset makers in the world, such as Apple (AAPL) and Samsung.
In particular, the FTC said Qualcomm strong-armed Apple into using its modem chips in iPhones by lowering its patent-licensing fees. But if Apple purchased modem chips from another chip supplier, the FTC said Apple would face large penalties by losing out on Qualcomm’s rebate payments.
Jacobson contended the FTC “rushed” its lawsuit filing ahead of President-elect Donald Trump’s Inauguration on Friday.
Full Content: Yahoo
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Brands Apple’s iPadOS as Gatekeeper in Tech Crackdown
Apr 29, 2024 by
CPI
Brussels to Investigate Meta Platforms’ Handling of Disinformation on Facebook and Instagram
Apr 29, 2024 by
CPI
OpenAI Faces Privacy Complaint in Vienna Over ChatGPT’s Data Handling
Apr 29, 2024 by
CPI
EU Launches Investigation into Czech State Aid for Digital TV Operators
Apr 29, 2024 by
CPI
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI