Qualcomm Inc on Wednesday detailed the first significant sales gains from a new ...
- Qualcomm Inc on Wednesday detailed the first significant sales gains from a new category of chip it is selling to mobile phone makers, but also disclosed that an antitrust investigation has started around those chips.
The disclosure comes after the company spent years battling regulators - and paid billions of dollars in fines - over allegations that it engaged in anticompetitive patent licensing practices. Qualcomm last year lost a case brought by the U.S. Federal Trade Commission and remains locked in an appeal.
Qualcomm has been trying to persuade phone makers to buy its radio frequency chips, together with its own modem chips, rather than selecting parts from separate vendors and integrating them. In Wednesday’s filing, Qualcomm said it was in the process of responding to a probe by the European Commission, the EU’s executive branch, after it served a request for information with the company on Dec. 3.
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