Mobile chip titan Qualcomm faces setback with US antitrust ruling
Smartphone chip giant Qualcomm suffered a fresh blow in its antitrust battle as a US federal judge ruled that it "strangled competition" for years at the expense of consumers and device makers. Qualcomm shares sank some 10.8 percent Wednesday to close at a one-month low after the ruling that the company violated antitrust law, in a case with major implications for the smartphone market. US District Judge Lucy Koh ordered Qualcomm to change its pricing and sales practices, after finding it "engaged in anticompetitive conduct" toward ...
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