Qualcomm announced on Tuesday, August 20, that it has entered into a new five-year patent license agreement with LG Electronics to develop, manufacture and sell 3G, 4G, and 5G smartphones.
LGE had announced in June it was unable to narrow differences with Qualcomm and renew its chip license agreement.
According to the Wall Street Journal, the deal is “a win for Qualcomm because it locks up one of the top 10 handset manufacturers in a more top-heavy market,” IDC analyst Ryan Reith said. “There are fewer and fewer brands out there.”
Qualcomm in April also reached a surprise settlement that cleared the road for iPhones to once again use its modem chips, but its shares were hurt in July when Apple bought Intel Corp’s modem business for US$1 billion.
Full Content: Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DirecTV Urges Second Circuit to Revive Antitrust Lawsuit Against Nexstar
Dec 9, 2024 by
CPI
Omnicom and Interpublic Unite in $13.25B Deal: Big Tech Competition Heats Up
Dec 9, 2024 by
CPI
Federal Ruling Highlights DOJ’s Push Against Algorithmic Collusion in Antitrust Cases
Dec 9, 2024 by
CPI
Judge’s Decision on Kroger-Albertsons Merger Expected Soon
Dec 9, 2024 by
CPI
Supreme Court Urged to Resolve Legal Standoff Over Amazon and Flipkart Investigation
Dec 9, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Moats & Entrenchment
Nov 29, 2024 by
CPI
Assessing the Potential for Antitrust Moats and Trenches in the Generative AI Industry
Nov 29, 2024 by
Allison Holt, Sushrut Jain & Ashley Zhou
How SEP Hold-up Can Lead to Entrenchment
Nov 29, 2024 by
Jay Jurata, Elena Kamenir & Christie Boyden
The Role of Moats in Unlocking Economic Growth
Nov 29, 2024 by
CPI
Overcoming Moats and Entrenchment: Disruptive Innovation in Generative AI May Be More Successful than Regulation
Nov 29, 2024 by
Simon Chisholm & Charlie Whitehead