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LG Electronics, regulators oppose Qualcomm's effort to put antitrust ruling on hold


Added 06-11-19 11:03:02pm EST - “Smartphone maker LG Electronics Inc on Tuesday opposed Qualcomm Inc's effor...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “LG Electronics, regulators oppose Qualcomm's effort to put...”. Below is an excerpt from the article.

(Reuters) - Smartphone maker LG Electronics Inc on Tuesday opposed Qualcomm Inc’s efforts to put a sweeping U.S. antitrust decision against the chip supplier on hold as it pursues an appeal.

The Korean company said that it is negotiating chip supply and patent license agreements with Qualcomm and could be forced into signing another unfair deal unless a federal judge’s protections remain in place.

The filing in federal court in San Jose, California, came shortly after the U.S. Federal Trade Commission also opposed Qualcomm’s efforts, saying that it was in the public interest to let the antitrust ruling stand because an appeal could take years.

Both filings stem from a May 21 decision by U.S. District Judge Lucy Koh that would drastically alter the business model of Qualcomm, which supplies modem chips to connect phones to mobile data networks but makes most of its profit through licensing patents.

Among other things, Koh’s decision would require Qualcomm to license its patents to rival chip makers instead of phone makers, which could potentially slice its patent royalties from several dollars per phone to pennies.

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