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Court Rules in Favor of FTC over Record Fine Against Qualcomm

Court Rules in Favor of FTC over Record Fine Against Qualcomm

SEOUL, Dec. 4 (Korea Bizwire) — A Seoul court ruled in favor of South Korea’s antitrust regulator Wednesday, saying that the watchdog’s 2016 decision to impose a record fine on U.S. chipmaker Qualcomm Inc. for unfair business practices was justifiable. The ruling will be a setback for Qualcomm, which challenged the Fair Trade Commission’s (FTC) [...]

LG, Qualcomm to Develop Automotive Infotainment Platform

LG, Qualcomm to Develop Automotive Infotainment Platform

SEOUL, Oct. 30 (Korea Bizwire) — South Korean electronics maker LG Electronics Inc. and U.S. chipmaker Qualcomm Inc. will join hands to develop an in-vehicle infotainment platform for connected cars, the companies said Wednesday. LG Electronics and Qualcomm have signed a strategic partnership to develop the automotive platform, which combines entertainment and information delivery for [...]

Supreme Court Orders Reconsideration of FTC’s US$243 mln Penalty Ruling on Qualcomm

Supreme Court Orders Reconsideration of FTC’s US$243 mln Penalty Ruling on Qualcomm

SEOUL, Feb. 11 (Korea Bizwire) — South Korea’s Supreme Court has found that a 2009 penalty decision by the state antitrust watchdog against U.S. Qualcomm Inc. was not completely lawful, sending the case back to a lower court for reconsideration, court officials said Monday. The Fair Trade Commission (FTC) fined the global chipmaker 273.2 billion [...]

Samsung, Qualcomm to Produce Industry’s First 10 nm Server Processor

Samsung, Qualcomm to Produce Industry’s First 10 nm Server Processor

SEOUL, Nov. 9 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will start mass production of Qualcomm Inc.’s new server processors manufactured with the 10 nm production process for the first time in the industry. Under the foundry deal, the South Korean tech giant said it will produce the Centriq 2400, which is aimed [...]

Naver to Cooperate with Qualcomm on AI Patform

Naver to Cooperate with Qualcomm on AI Patform

SEOUL, Jun. 20 (Korea Bizwire) — Naver Corp., South Korea’s top Internet portal operator, said Monday that it will work with global chipmaker Qualcomm Inc. to further develop its artificial intelligence (AI) platform, Clova. Under an agreement with Qualcomm’s subsidiary, Qualcomm Technologies, Naver will provide Clova for use with the global giant’s Internet of Things (IoT) [...]

Qualcomm Files Complaints Against Anti-Trust Fine in S. Korea

Qualcomm Files Complaints Against Anti-Trust Fine in S. Korea

SEOUL, Feb. 22 (Korea Bizwire) – Qualcomm Inc. has filed complaints against South Korean anti-trust regulator’s decision to penalize the U.S. wireless technology giant with a fine of 1.03 trillion won (US$903 million) for violating the nation’s competition laws.  The complaints were filed with the Seoul High Court on Tuesday, a day before the deadline [...]

FTC Slaps Qualcomm with Record Fine of 1 Tln Won for Abusing Market Power

FTC Slaps Qualcomm with Record Fine of 1 Tln Won for Abusing Market Power

SEJONG, Dec. 28 (Korea Bizwire) – South Korea’s antitrust watchdog on Wednesday slapped U.S. mobile phone chipmaker Qualcomm Inc. with a record fine of 1.03 trillion won (US$853.1 million) for abusing its dominant position in the mobile communications market.  The Fair Trade Commission (FTC) said the San Diego-based company and its two affiliates breached the [...]

LG Uplus, Qualcomm to Support S. Korean Startups

LG Uplus, Qualcomm to Support S. Korean Startups

SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s No. 3 mobile carrier, LG Uplus Corp., said Wednesday it would work together with U.S. tech giant Qualcomm Inc. to support local startups, especially for those with business projects related to the Internet of Things (IoT) industry. Under the move, LG Uplus and Qualcomm will chip in [...]