Qualcomm Wants The Feds To Drop Their Antitrust Suit

Mobile chip giant Qualcomm (NASDAQ: QCOM) filed a motion earlier this week in the U.S. District Court of San Jose, California, requesting that a federal judge dismiss the antitrust lawsuit that regulators filed in January. The initial suit alleges that Qualcomm unofficially implements a "no license, no chips" policy that leverages its dominant position in cellular baseband modems to extract favorable licensing terms and royalty payments from customers, effectively precluding competitors from the market.Qualcomm argues that there are no "factual allegations of anticompetitive harm" to competitors, and as such is seeking a dismissal.

 

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