Broadcom called the FTC's decision "regretful" in a statement Monday, adding it will take the case to the Seoul High Court.
The Fair Trade Commission (FTC) announced the decision on Thursday, following an investigation initiated by the complaint of Qualcomm, a main competitor of Broadcom.
Korea's antitrust agency Tuesday rejected corrective measures proposed by Broadcom to address allegations that it abused its market dominance to browbeat Samsung Electronics, opening up the door for a possible civil damages suit.
Korea's antitrust agency Tuesday rejected corrective measures Broadcom proposed to address the abuse of its dominant market power that it committed against Samsung Electronics.
Samsung Electronics has expressed opposition to the voluntary corrective measure proposed by Broadcom for alleged anti-competitive business practices that the Korean company claims led to hundreds of billions of won of losses.
Korea's antitrust regulator plans to review punitive actions over U.S. chipmaker Broadcom for its alleged unfair business activity involving Korean smartphone makers, its chief said Thursday.
Korea JoongAng Daily Sitemap