Dark side of Qualcomm surfaces as company agrees to settle a lawsuit for $75 million

When you think of Qualcomm, what comes to mind? For many, the Qualcomm name evokes images of their powerful Snapdragon application processors and their outstanding 5G modem chips. But there is another side to the San Diego-based company that seems to have been forgotten. Yes, the fabless chip designer has a dark side when it comes to dealing with phone manufacturers.

In 2019, Judge Lucy Koh presided over the Federal Trade Commission v. Qualcomm non-jury trial and. For a brief moment, it appeared that Qualcomm was going to be forced into revising its sales policies. But a little over a year later, , Qualcomm has agreed to pay $75 million to settle a class action suit brought by investors in the company's stock. The investors claim that Qualcomm made misleading statements that artificially inflated the price of its shares.

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US government to give $75 million to South Korean company for Georgia computer chip part factory.The federal government will spend $75 million to help build a factory making glass parts for computer chips. The U.S. Department of Commerce announced the investment Thursday in Absolics. That's a subsidiary of South Korea’s SK Group. The plant in Covington, Georgia, was announced in 2021.
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