The Federal Commerce Fee has broadened its investigation into chipmaker Broadcom’s enterprise practices, in keeping with a brand new report from CNBC. ftc broadcomfeinercnbc
This comes after the company issued a subpoena to Broadcom in February, in search of details about its alleged antitrust practices. ftc broadcomfeinercnbc
Now, the FTC is reportedly trying into whether or not Broadcom violated U.S. antitrust legal guidelines by partaking in anti-competitive techniques to take care of its dominance out there for smartphone chips.
The Federal Commerce Fee has broadened its investigation into whether or not Broadcom and Qualcomm violated antitrust legal guidelines. The probe is now trying into whether or not the businesses illegally restricted competitors out there for smartphone chips. CNBC has realized that the FTC has despatched info requests to main smartphone makers, together with Apple, Samsung, and LG. The company can be trying into whether or not Broadcom and Qualcomm engaged in “unique dealing” with telephone carriers.
The Federal Commerce Fee has filed a lawsuit in opposition to Broadcom and Feinerman alleging that the 2 corporations engaged in anticompetitive practices. The lawsuit alleges that the businesses agreed to not compete for one another’s prospects, which finally harmed shoppers by stopping them from getting the very best costs. The lawsuit is in search of to cease the businesses from partaking in these practices and to get better damages for shoppers.