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South Korea’s antitrust watchdog fines Broadcom for unfair provide deal to Samsung Electronics

dutchieetech.comBy dutchieetech.com21 September 2023No Comments1 Min Read

[1/2]A smartphone with a displayed Broadcom brand is positioned on a pc motherboard on this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photograph Purchase Licensing Rights

SEOUL, Sept 21 (Reuters) – South Korea’s antitrust watchdog stated on Thursday it is going to tentatively tremendous Broadcom Inc (AVGO.O) and associates 19.1 billion gained ($14.24 million) for forcing a long-term provide deal that was unilaterally disadvantageous to Samsung Electronics (005930.KS).

The nation’s Honest Commerce Fee will even difficulty a corrective order to Broadcom, it stated in an announcement.

A consultant of Broadcom couldn’t be instantly reached. Samsung declined remark.

($1 = 1,340.9300 gained)

Reporting by Joyce Lee; Enhancing by Kim Coghill

Our Requirements: The Thomson Reuters Belief Rules.

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