High fines for Qualcomm in South Korea

Chip maker Qualcomm in South Korea won fined 1 billion, converted 813 million.

Qualcomm is also in Europe and the United States under attack and has already been punished in China. The company mainly makes money on its patents. It has to pay a monopoly on key technology and other companies to be allowed to use it.

Qualcomm is appealing. The penalty would be good news for the South Korean giants Samsung and LG. They might have to pay less money to Qualcomm.

Qualcomm is also the new owner of the Dutch chipmaker NXP.