Qualcomm says UK lawsuit over smartphone chip royalties will be withdrawn
Reuters
Yesterday
Qualcomm says UK lawsuit over smartphone chip royalties will be withdrawn
LONDON, Feb 17 (Reuters) - Qualcomm QCOM.O on Tuesday said a London lawsuit alleging it had abused its dominant position to force Apple and Samsung to pay inflated royalties will be withdrawn.
The British consumers' association called Which? had brought the case on behalf of around 29 million people who bought iPhones AAPL.O or Samsung 005930.KS devices since 2015.
Which? said in a statement that it would apply to withdraw the case having concluded Qualcomm's practices "did not infringe competition laws, did not result in inflated royalties, and did not lead to an increase in prices consumers paid for their mobile phones".
(Reporting by Sam Tobin; editing by Catarina Demony)
((Sam.Tobin@thomsonreuters.com;))
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