Broadcom Loses Supreme Court Appeal with Pressure on Samsung
U.S. semiconductor company Broadcom has finally lost a lawsuit filed to cancel the penalty surcharge imposed by the Fair Trade Commission for forcing a long-term agreement on Samsung Electronics.According to the legal community on Nov. 2, the First Petty Bench of the Supreme Court, with Justice Cheo
Broadcom, a U.S. semiconductor company, has lost its appeal to the Supreme Court regarding a penalty surcharge imposed by the Fair Trade Commission. The case centered around Broadcom's demand for a long-term contract from Samsung Electronics, which led to the latter's suspension of parts supply and production. The Fair Trade Commission ruled that Broadcom used its market dominance to coerce Samsung into signing the contract, imposing an 18.664 billion won surcharge, approximately $14 million.
Despite efforts in the Seoul High Court and Supreme Court, Broadcom's appeal was unsuccessful, as the court upheld the original judgment.
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