QUALCOMM Incorporated (QCOM) Sued Over Antitrust Violation on Smartphone Chips in the UK

Core Insights - Qualcomm Incorporated is facing an antitrust lawsuit in the UK, alleging abuse of its dominant position in the smartphone chipset market [1][2] - The lawsuit claims Qualcomm charged inflated fees for technology licenses to manufacturers like Apple and Samsung, violating UK competition laws [2] - The consumer group involved in the lawsuit seeks compensation for consumers, estimating that each affected consumer in the UK could receive £17 per phone if successful [3] Company Overview - Qualcomm develops and supplies wireless technologies, semiconductors (including Snapdragon chips), and licenses for communication services, playing a crucial role in mobile devices and expanding into IoT, automotive, and cloud computing [4]