Friday, March 29, 2024

FTC sues Qualcomm over anti-competitive practices

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The U.S. is the latest country to target Qualcomm over anti-competitive behavior. The FTC announced this afternoon that it was suing the company over monopolistic tactics around its baseband processor business — the hardware that smartphones and tablets rely on for network connectivity. In particular, the FTC claims Qualcomm engaged in exclusionary conduct that taxes its competitors baseband processor sales, reduces competitors ability and incentive to innovate, and raises prices …
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