qualcomm is a monopoly has to renegotiate deals us court rules

A dispute between the Federal Trade Commission in the United States and chip-maker Qualcomm ended with a win for the FTC. The court ruled that Qualcomm must stop its practices of bundling licenses with hardware. The ruling stated that the company’s practices “have strangled competition” and the royalty rates were “unreasonably high”.

In addition to being a monopoly, the judge Lucy H. Koh also ruled that Qualcomm must renegotiate its deals and exclusivity arrangements. To ensure San Diego is complying with the ruling, there will be scrutineers with Qualcomm for the next seven years….

Link: https://www.gsmdb.com/gsmarena/qualcomm_is_a_monopoly_has_to_renegotiate_deals_us_court_rules-news-37179.php