Friday 20th October, 2017
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Apple files $1bn lawsuit against chip supplier Qualcomm

Apple files $1bn lawsuit against chip supplier Qualcomm

Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. govern­ment accused the chip maker of resorting to anticompetitive tactics to maintain a monopo­ly over key semiconductors in mobile phones.
 
Qualcomm is a major suppli­er to both Apple and Samsung Electronics Co Ltd for “modem” chips that connect phones to wireless networks. The two companies together accounted for 40 percent of Qualcomm’s $23.5 billion in revenue in its most recent fiscal year.
 
In the lawsuit filed in U.S. District Court for the South­ern District of California, Ap­ple accused Qualcomm of over­charging for chips and refusing to pay some $1 billion in prom­ised rebates. Apple said in its complaint that Qualcomm withheld the rebates because of Apple’s discussions with South Korea’s antitrust regulator, the Korea Fair Trade Commission.
 
“If that were not enough, Qualcomm then attempted to extort Apple into changing its responses and providing false information to the KFTC in exchange for Qualcomm’s re­lease of those payments to Ap­ple. Apple refused,” Apple said in its lawsuit.

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