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Qualcomm fined $865 million by S Korean authority

US chipmaker denies charges of unfair behavior and imposing excessive fees

SEOUL -- South Korea's antitrust agency imposed a record 1.03 trillion won ($865 million) fine on Qualcomm, accusing the U.S. chipmaker of monopolistic behavior and abusing its leading status in the market, the Fair Trade Commission said Wednesday.

The FTC said that Qualcomm rejected or set limitations for providing its standard essential patents to rival modem chipset makers, such as Intel of the U.S. and Taiwan's MediaTek. The patents are critical for the production and sale of chipsets.

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