South Korea’s Antitrust Watchdog Fines Broadcom Over Unfair Deal With Samsung – News18
![](https://nndutimes.com/wp-content/uploads/https://images.news18.com/ibnlive/uploads/2023/09/broadcom-169528201316x9.jpg)
[ad_1]
Last Updated: September 21, 2023, 13:13 IST
![Broadcom makes components for Samsung. Broadcom makes components for Samsung.](https://images.news18.com/ibnlive/uploads/2021/07/1627283897_news18_logo-1200x800.jpg?impolicy=website&width=510&height=356)
Broadcom makes components for Samsung.
Broadcom’s long-term deal with Samsung has recently come under scrutiny, resulting in a hefty fine of 19.1 billion won for unfair practices.
South Korea’s antitrust watchdog said on Thursday it will tentatively fine Broadcom Inc and affiliates 19.1 billion won ($14.24 million) for forcing a long-term supply deal that was unilaterally disadvantageous to Samsung Electronics.
The country’s Fair Trade Commission will also issue a corrective order to Broadcom, it said in a statement.
A representative of Broadcom could not be immediately reached. Samsung declined comment.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – Reuters)
[ad_2]
Source link