Qualcomm Escapes 4-Year Europe Commission Probe
Today the European Commission said it is closing a four-year investigation into the pricing practices of Qualcomm's wireless patents and technology. The EU did not impose any fines against Qualcomm, nor did it officially absolve Qualcomm of any wrongdoing. Broadcom, Telefon AB, Ericsson, NEC, Nokia, Panasonic Mobile Communications, and Texas Instruments had all complained in the EU that Qualcomm's royalty fees for licensing patents were too high and prevented competition from entering the market. Despite the long investigation, the EU has yet to make any formal rulings, and at this point all of the complainants have withdrawn their complaints or plan to withdraw them. The EU has decided to cease incurring further costs and is closing the investigation.
EU Initiates Two Antitrust Investigations Against Qualcomm
The European Commission has opened two separate investigations into Qualcomm's business practices to determine if the chipmaker is violating antitrust regulations. The first investigation is targeting Qualcomm's alleged offer of financial incentives to companies that ordered chips only from Qualcomm.
Qualcomm Signs Patent-Licensing Deal with Lenovo
Qualcomm today said it has signed a new patent licensing agreement with Lenovo, which will use Qualcomm's 3G and 4G wireless technology in future mobile devices. The patents will appear in both Lenovo- and Motorola-branded devices and cover technologies specific to the China market.
After China Settlement, Korea Now Eyeing Qualcomm
South Korea's Fair Trade Commission is weighing whether or not to investigate Qualcomm's business practices. Regulators there believe Qualcomm may have abused its position as the largest chipmaker to charge higher royalty rates for its patents.
Qualcomm Settles with SEC Over China Incentives
Qualcomm today agreed to pay the SEC a fine of $7.5 million to settle an investigation being conducted over potential Foreign Corrupt Practices Act (FCPA) violations. The SEC alleges that Qualcomm improperly gave state representatives of China financial benefits including travel, jobs, gifts, and event tickets.
Qualcomm Weighing Potential Breakup and Job Cuts
Qualcomm is preparing to conduct an in-depth review of its corporate strategy that could lead to the company breaking into several separate entities, reports the Wall Street Journal. Activist investors have begun to push Qualcomm towards a possible split, which would see the company's chip-production and patent-licensing businesses pulled apart.
Look, EU, you've got Sony Ericsson and Nokia. The former is a maker of excellent feature phones but has never ever made anything close to resembling a decent smartphone, and the later is so friggin lost it's not even funny.
"Want to know why Europe isn't relevant anymore? because they're a bunch of whining socialists looking for a handout from innovators in other countries"
Look, EU, you've got Sony Ericsson and Nokia. The former i