South Korea's top court upholds $13.9m fine on Broadcom over Samsung deal
· Tech · South Korea · United States
South Korea's Supreme Court has upheld an 18.6 billion won ($13.9 million) antitrust fine against US chipmaker Broadcom for abusing its bargaining power to force Samsung Electronics into an unfavourable long-term component supply agreement. The court dismissed an appeal filed by Broadcom's US headquarters and affiliates. The case is one of the few where Korean competition authorities have penalised a major foreign supplier over its dealings with the country's flagship electronics maker.
Why it matters:It reinforces South Korean antitrust enforcement over global chip suppliers and could affect how foreign firms negotiate with Korean manufacturers.
Key points
- The fine is 18.6 billion won, about $13.9 million.
- Broadcom was found to have forced an unfavourable long-term supply deal on Samsung.
- The Supreme Court dismissed Broadcom's appeal.
Sources (original reporting)
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