In response, on Friday, the US Court of Appeals for the Ninth Circuit issued a judgment allowing the suspension of execution of some of the provisions of the previous judgment, requiring Qualcomm to grant a patent license to a competitive chip supplier, and requiring Qualcomm to terminate before purchasing the chip. Chip customers sign the practice of patent licensing.
The previous decision required Qualcomm to renegotiate the company's existing chips and patent transactions and to develop new agreements that meet the requirements. The suspension of the license on Friday allows the company to waive the impact of partial judgments during the appeal period. As for the appeal, it may be dragged on for a year or more.
What is special about Qualcomm’s antitrust case is that different parts of the US government have different views on this. The Justice Department, another major US antitrust regulator, said it did not agree with the FTC's legal theory during the preliminary trial. After the judge of the trial judge made the judgment, both the Pentagon and the energy department submitted documents stating that the execution of the judgment may damage national security.
The Court of Appeal wrote in its judgment: "The government itself has differences on the rationality of the judgment and the impact of the judgment on the public interest."
After the announcement, Qualcomm shares rose slightly, but then fell 3.7% to $74.29. This year, Qualcomm’s share price has fluctuated,appleAfter the settlement, the company's share price once rose from more than 50 US dollars to 85 US dollars, but then lost in the FTC case, the company's stock price fell again to more than 60 US dollars.
Qualcomm has yet to formally appeal the FTC case. After Qualcomm filed its defense, the appeal may begin in January next year. Qualcomm's general counsel, Don Rosenberg (Don Rosenberg), said in a statement that the company was confident in the appeal and that the District Court's decision would be rejected.