Broadcom Settles U.S. Monopoly Case Over Chip Contracts
- The FTC orders Broadcom to stop exclusive agreements
- The agreement echoes a similar accord in the EU last year
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Broadcom Inc. settled a U.S. antitrust complaint that it illegally monopolized markets for chips used in set-top boxes and broadband internet devices.
The Federal Trade Commission said in a statement Friday that under the settlement, Broadcom must stop requiring customers to buy components from the chipmaker on an exclusive basis.