Accuses Qualcomm of abusing its market dominance
The Japan’s antitrust regulator, Japan Fair Trade Commission (JFTC) has sent a draft order to Qualcomm, accusing it for its market dominance. The incident comes less than a week after the chip supplier was fined over $200m by the Korean Fair trade commission.
Qualcomm said in a statement that it is unable to comment in detail until it had received the full translation of the order.
The company stated: “However, it appears that the draft is directed at common, industry-standard licensing terms that are in fact pro-competitive and were the subject of intense negotiations with very substantial Japanese companies.
“It is important to note that Qualcomm has never seen any evidence upon which the JFTC may be relying and has not, until today, even been aware of many of the allegations.”
The San Diego, California-based Qualcomm said that it would pursue its right to file a written response before a final decision is made by JFTC.
Last week, South Korea’s antitrust watchdog imposed a largest fine on a single company, a record $208m on Qualcomm for abusing its market dominance in the CDMA mobile phone chips. It said that the company violated fair competition rules.