LG is the latest smartphone maker to join the Korean Fair Trade Commission (KFTC) and other companies in a lawsuit against Qualcomm. While Samsung’s withdrawal didn’t do the lawsuit any favors, LG’s new stance strengthens the KFTC’s case again, particularly with LG being a Korean company.
According to Business Korea, industry sources claim that LG chose to participate in the legal efforts against Qualcomm due to shaky negotiations in between LG and Qualcomm in the US.
Qualcomm’s ongoing legal fight with Apple recently resulted in Apple’s iPhones being banned in China and possibly Germany. The chip-maker alleges that Apple incorrectly used two key Qualcomm patents without paying royalties. The affected devices include all iPhones from the iPhone 6S to the iPhone X, all of which were banned from being sold in China.
The KFTC slapped Qualcomm with a 1.03 trillion won fine (US$917.4 million) for abusing its patents back in 2016.
Full Content: Business Korea
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Lawmaker Probes FTC and EU’s Role in Amazon’s Failed iRobot Acquisition
May 2, 2024 by
CPI
FTC to Approve Exxon’s $64 Billion Deal with Pioneer Resources, Excludes
May 1, 2024 by
CPI
UK Competition Watchdog Raises Alarm Over Nvidia’s ARM Takeover
May 1, 2024 by
CPI
Sen. Klobuchar Urges Regulators to Probe Collusion in Healthcare Pricing
May 1, 2024 by
CPI
Multiple States Join Tennessee’s Antitrust Lawsuit Against NCAA Over NIL Rules
May 1, 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