Qualcomm: Appeal to Supreme Court over $873 million antitrust fine

BEIJING, Dec. 4 (Xinhua) — Qualcomm said today it will appeal Wednesday’s decision by the Seoul High Court to the Supreme Court. Earlier, Seoul’s High Court ruled that Qualcomm had imposed a record $873 million in antitrust fines for unfair business practices related to patent licensing and the sale of baseband chips.

Qualcomm: Appeal to Supreme Court over $873 million antitrust fine

“We do not agree with the court’s decision to accept part of the KFTC’s order and will immediately seek to appeal those decisions to the Supreme Court of Korea,” Qualcomm Executive Vice President Don Rosenberg said in a statement. To Qualcomm’s “satisfaction”, the Seoul High Court reversed the KFTC’s order to renegotiate the terms of the authorization.

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