World News: 01:13 GMT Wednesday 12th June 2019. [Yahoo Business News Feed via SPi World News]
The filing in federal court in San Jose, California, follows a May 21 decision by U.S. District Judge Lucy Koh that would drastically alter the business model of Qualcomm, which supplies modem chips to connect phones to mobile data networks but makes most of its profits through licensing patents. Among other things, Koh's decision would require Qualcomm to license its patents to rival chip makers instead of phone makers, which could potentially slice its patent royalties from several dollars per phone to pennies. Qualcomm on May 28 asked Koh to set aside her decision while it pursues an appeal.
Read More: https://news.yahoo.com/u-regulator-opposes-qualcomms-effort-001340935.html
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