FILE PHOTO: A sign on the Qualcomm campus is to see in San Diego, California, USA November 6, 2017. REUTERS/Mike Blake
(Reuters) – Qualcomm Inc unlawfully suppressed competition in the market for mobile chips and used its dominant position to exact excessive licensing fees, a federal judge ruled on Tuesday.
Qualcomm did not immediately respond to a Reuters request for comment.
Shares of the company fell 12% to $68.40 in trading before the bell on Wednesday.
Reporting by Sayanti Chakraborty in Bengaluru; Editing by Arun Koyyur