One of many Qualcomm buildings is shown in San Diego, California, US on November 3, 2015. ― Reuters pic
Shares in the California-based mobile chip giant jumped more than four per cent on word that an appellate court was not convinced that Qualcomm's tactics in the market unfairly stifled competition, hurting consumers and device makers. US District Judge Lucy Koh in May of last year ordered Qualcomm to change its pricing and sales practices, after finding it “engaged in anticompetitive conduct” toward customers like device makers Huawei of China, South Korea's Samsung and Japan's Sony.
The judge issued an injunction requiring California-based Qualcomm to comply with her order, and to submit to monitoring by the FTC for seven years.
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