Q ualcomm are down about 1% on Wall Street on Wednesday, the south Korean authorities of competition has inflicted on the american band a fine of 1.030 billion won (817 million euros) to punish trade practices deemed unfair. Has 15: 40 GMT, the title loses 1.1% 66,51 dollars to the New York stock Exchange, while the Nasdaq folds down to 0.46%.
The giant semi-conductor, which provides, inter alia, the chips and other components in the mobile telephony sector, said it would appeal the penalty.
The fine against Qualcomm is the largest ever imposed on a group in South Korea. According to the Korea Fair Trade Commission (KFTC), Qualcomm has taken advantage of its dominant position on the market to force mobile phone manufacturers to pay royalties for a set of patents unnecessary in the context of the sale of its chips modem.
The FTC also accuses the u.s. group to have distorted competition by denying or limiting the grant of licenses to patents deemed essential in the field of chip modem manufacturers such as Intel, Samsung Electronics and MediaTek. For the regulator of south korea, this has hampered the sales of competing products, or has exposed them to potential prosecution.
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