May 22, 2019
(Reuters) – Qualcomm Inc unlawfully suppressed competition in the market for cellphone chips and used its dominant position to exact excessive licensing fees, a federal judge ruled on Tuesday.
Qualcomm did not immediately respond to a Reuters request for comment.
Shares of the company fell 12% to $68.40 in trading before the bell on Wednesday.
(Reporting by Sayanti Chakraborty in Bengaluru; Editing by Arun Koyyur)