Related News
Qualcomm receives record fine
Source: Agencies |
July 24, 2009, Friday
|
Print Edition
Print Edition
SOUTH Korea's fair trade regulator slapped United States chip maker Qualcomm Inc with a record fine yesterday over abuse of its market dominance.
The Korea Fair Trade Commission said in a statement that it fined the San Diego, California-based company 260 billion won (US$208 million), the largest such levy in South Korea.
The commission, which had been investigating Qualcomm since 2006, said the company abused its market dominance in CDMA mobile phone chips by charging higher royalties for companies that used rival chipsets. It also said Qualcomm favored customers who used its products by offering rebates.
The commission also ordered Qualcomm to correct the practices.
A Qualcomm spokesman in Seoul reached by telephone referred comment to the company's San Diego headquarters.
South Korea's Yonhap news agency quoted the president of Qualcomm's South Korean operations as calling the decision "very regrettable."
Qualcomm developed CDMA, or code division multiple access, a rival standard to GSM, or global system for mobile.
The Korea Fair Trade Commission said in a statement that it fined the San Diego, California-based company 260 billion won (US$208 million), the largest such levy in South Korea.
The commission, which had been investigating Qualcomm since 2006, said the company abused its market dominance in CDMA mobile phone chips by charging higher royalties for companies that used rival chipsets. It also said Qualcomm favored customers who used its products by offering rebates.
The commission also ordered Qualcomm to correct the practices.
A Qualcomm spokesman in Seoul reached by telephone referred comment to the company's San Diego headquarters.
South Korea's Yonhap news agency quoted the president of Qualcomm's South Korean operations as calling the decision "very regrettable."
Qualcomm developed CDMA, or code division multiple access, a rival standard to GSM, or global system for mobile.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
