Qualcomm under investigation on three continents
It’s not a fun time to be a Qualcomm lawyer as the company is in trouble in China, Europe and the U.S. In China, the company is under an 11-month antitrust investigation, while the U.S. Federal Trade Commission has a preliminary investigation into a potential breach of licensing terms and the European Commission, which loves to squeeze billions out of successful American companies are investigating rebates and other financial incentives in the sale of its chips.
Qualcomm issued a warning last week, along with its earnings, that the antitrust investigation and problems collecting royalties in China could hurt its business in that country, and admitted to the U.S. and European investigations for the first time.
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