(Reuters) — A U.S. appeals court docket on Tuesday reversed a decrease court docket ruling in opposition to chip provider Qualcomm in an antitrust lawsuit introduced by the Federal Trade Commission.
The United States Ninth Circuit Court of Appeals additionally vacated an injunction that will have required Qualcomm to vary its mental property licensing practices.
The choice amounted to a close to full victory for the San Diego firm, the most important provider of chips for cell phones and in addition a key generator of wi-fi communications mental property and business requirements.
Qualcomm was combating a May 2019 choice by U.S. District Judge Lucy Koh in San Jose, California. That decide sided with antitrust regulators, writing that Qualcomm’s apply of requiring telephone makers to signal a patent license settlement earlier than promoting them chips “strangled competition” and harmed shoppers.
The case divided antitrust regulators within the U.S. authorities, with the U.S. Department of Justice intervening to file a quick in assist of Qualcomm.
Qualcomm shares, which have been already up since March lows as the corporate continued to point out progress regardless of a sluggish sensible telephone market, rose about 4% on the information.