Dark side of Qualcomm surfaces as company agrees to settle a lawsuit for $75 million

When you think of Qualcomm, what comes to mind? For many, the Qualcomm name evokes images of their powerful Snapdragon application processors and their outstanding 5G modem chips. But there is another side to the San Diego-based company that seems to have been forgotten. Yes, the fabless chip designer has a dark side when it comes to dealing with phone manufacturers.

In 2019, Judge Lucy Koh presided over the Federal Trade Commission v. Qualcomm non-jury trial and. For a brief moment, it appeared that Qualcomm was going to be forced into revising its sales policies. But a little over a year later, , Qualcomm has agreed to pay $75 million to settle a class action suit brought by investors in the company's stock. The investors claim that Qualcomm made misleading statements that artificially inflated the price of its shares.

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Qualcomm to make all-cash $75 million payment to settle class action over misleading statementsAlan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 15 Pro Max, he has seen smartphones evolve into a global phenomenon.
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