Qualcomm Wins a Pause in Enforcement of US FTC Ruling
On the last Friday, according to a Court, QUALCOMM won a fragmentary stay against the US Federal Trade Communication (FTC) for the enforcement of sweeping antitrust lawsuit ruling. The company has been fighting since May 21, the day when it lost the argument lawsuit. The company based in San Diego argued that it could end up the discussion with mobile phone manufacturers for 5G chips, which are the next-generation wireless data networks.
The provisions of the earlier laws which was required for Qualcomm to grant patent licenses for rival chip suppliers ended its practice of chips needed for customers to sign a patent license before purchasing the chips by the 9th US Court of Appeals which was put on hold.
In the earlier days, the ruling was required by Qualcomm for the renegotiating of all its existing patent and chip deals along with making new deals to confirm the requirements. The stay was granted on the last Friday which puts the effects the parts of ruling on hold in the appealing process which could take more than a year or more to play out.
The antitrust case on Qualcomm was unique in different parts of the United States government in different views. The Department of justice along with other primary regulators of antitrust in the United States said during the initial trial done disagreed with the Federal Trade Communication's legal theory and after the trial judge handed the decision, the pentagon along with the Department of energy both filed the case and said that it might be harmful to the national security by enforcing the judgment.
The appeal court wrote that the government divided itself about the proprietary judgment, which creates an impact on the public interest.
In the afternoon, the trading in Nasdaq was dropped by 3.7% to $74.29. This year the trading was violated by rising from a range of mid-$50 to $85 after the settlement with Qualcomm which was a major lawsuit with the Apple corporation, and the trading was dropped to $60 when it loses the case which was brought by Federal Trade Commission. The San Diageo based company has not filed the matter formally in the Federal Trade Commission's lawsuit. The appeal will be going to take place in January when Qualcomm will present its arguments.
Qualcomm's general counsellor Don Rosenberg said in a statement that they believe in the district court's decision which will be overturning when their merits on their appeal would be considered.
