Qualcomm Accuses Arm Of Antitrust Violations Across US, EU, And Korea Over Chip Access

Qualcomm Inc (NASDAQ:QCOM) launched a formal anticompetitive movement against supplier Arm Holdings Plc (NASDAQ:ARM) on Tuesday for alleged anticompetitive behavior on three continents.
Qualcomm filed a complaint against Arm against the European Commission, U.S. Federal Trade Commission, and Korea Fair Trade Commission for allegedly restricting access to its technology after operating an open network for over two decades, Bloomberg reported, citing unnamed sources familiar with the matter.
Qualcomm alleged that Arm’s open licensing model created a huge dependence on its technology and threatened market dynamics.
Also Read: Softbank-Backed Arm Holdings 155% Post-IPO Surge Bolstered by AI Growth and Smartphone …Full story available on Benzinga.com

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