Qualcomm and the US Federal Trade Commission (FTC) have asked a federal judge to postpone a preliminary ruling in the latter’s antitrust case, as the two sides are hoping to pursue a settlement.
If the delay takes effect, a decision on the FTC’s motion for partial summary judgment would be moved out 30 days, Reuters reported. Qualcomm has been seeking to end as many of its legal disputes as it can in order to reach financial targets, namely a goal of up to US$7.50 in earnings per share by its 2019 fiscal year.
The FTC case dates back to January 2017 and accuses Qualcomm of forcing companies like Apple to buy its wireless chips in exchange for better patent royalty rates. Apple was in an exclusive modem supply arrangement with Qualcomm for several years, but started mixing in Intel chips with 2016’s iPhone 7, and is now Intel-only with the iPhone XS.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Chief Warns of Healthcare Price Fixing Risks Amid Tech Advancements
Apr 24, 2024 by
CPI
Amazon’s Investment in Anthropic Faces Antitrust Scrutiny
Apr 24, 2024 by
CPI
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Tuta Mail Raises Alarm Over Google Search Ranking Plunge Amidst DMA Rollout
Apr 24, 2024 by
CPI
UK Regulator Investigates Tech Giants’ AI Partnerships Amid Competition Concerns
Apr 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI