US abandons four-year antitrust battle against Qualcomm – News 24-7 Live News 24-7 Live
US abandons four-year antitrust battle against Qualcomm

US abandons four-year antitrust battle against Qualcomm

U.S. antitrust enforcers are abandoning their lawsuit against Qualcomm Inc. that accused the company of abusing its dominant position in chips that power smartphones.The Federal Trade Commission said Monday it won’t seek a Supreme Court review of a federal appeals court decision last year that found Qualcomm’s practices weren’t anticompetitive.

The decision formally ends litigation that began in January 2017 when the FTC, in the closing days of the Obama administration, sued Qualcomm. The agency won at trial but the decision was reversed by a three-judge panel on the U.S. appeals court in San Francisco, which found Qualcomm’s aggressive competition didn’t amount to illegal behavior and credited the company for its “disruptive role” in cellular service. The full court declined to reconsider the decision.

News Source: Hindustan times

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