Qualcomm fights $647 million UK lawsuit over smartphone chip royalties

Core Viewpoint - Qualcomm is facing a lawsuit in London amounting to 480 million pounds ($646.8 million) from smartphone owners, claiming that the company has exploited its dominant market position to impose inflated royalty fees on Apple and Samsung [1] Group 1 - The lawsuit alleges that Qualcomm has abused its market dominance [1] - The claim is brought on behalf of smartphone owners, indicating a collective grievance against Qualcomm's practices [1] - The financial implications of the lawsuit are significant, with the amount at stake being 480 million pounds ($646.8 million) [1]