South Korean antitrust officials visited Arm‘s (ARM) Seoul offices as part of ongoing scrutiny of its licensing practices, following a complaint by Qualcomm (QCOM), which alleges that Arm is hurting competition by restricting access to its technology, Bloomberg’s Josh Sisco reports. The Korea Fair Trade Commission is conducting the unannounced inspections of Arm as part of an inquiry into its conduct, people familiar with the matter say. Qualcomm alleges that Arm created a major reliance on its technology through an open licensing model.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARM:
- South Korea Reviews ARM’s Licensing Model after Qualcomm Complaint
- Super Micro Stock (SMCI) Jumps on New ‘AI Factory’ Deal with Nvidia
- Arm Holdings PLC put volume heavy and directionally bearish
- Can Arm’s AI Chip Boost from Nvidia Partnership Drive Its Stock Higher?
- AMZN, GOOGL, META: Billionaire Investor Stanley Druckenmiller Buys into AI Trade