Deals
Qualcomm’s Bid to Settle U.S. Monopoly Case Hits Roadblock
- Chipmaker said racing to settle case before court ruling
- Antitrust case rests with split agency as chairman recused
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Qualcomm Inc. has hit a wall with U.S. officials in its effort to resolve a federal antitrust lawsuit ahead of a court decision that could compromise the chipmaker’s business model.
The company has yet to win over a majority of the U.S. Federal Trade Commission and its top officials despite extensive talks with the agency, according to people familiar with the process. Both sides are attempting to reach an agreement before a judge rules in the agency’s lawsuit accusing Qualcomm of abusing its market dominance, said the people, who asked not to be named because they didn’t have authority to speak publicly about the matter.