August 11, 2020

US court overturns Qualcomm defeat in antitrust case

San Francisco (AFP) – An appeals court on Tuesday overturned a judge’s ruling that Qualcomm “strangled competition,” undoing a major victory scored last year by US antitrust enforcers.Shares in the California-based mobile chip giant jumped more than four percent on word that an appellate court was not convinced that Qualcomm’s tactics in the market unfairly stifled competition, hurting consumers and device makers.The appeals ruling “validates our business model and patent licensing program and underscores the tremendous contributions that Qualcomm has made to the industry,” Qualcomm general co…

source https://this.kiji.is/en/666004151551050849?c=648607265489716321

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