Japan Fair Trade Commission Notifies Qualcomm Japan of Possible Investigation
Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, reported that the Japan Fair Trade Commission (JFTC) has notified its Japanese subsidiary, Qualcomm Japan, that the JFTC may investigate Qualcomm's licensing and chip business practices in Japan. The JFTC did not reveal the timing for any investigation or identity of any complainant.
“Qualcomm will cooperate with the JFTC to establish that all of Qualcomm's activities in Japan are lawful and foster competition,” said Steve Altman, president of Qualcomm. “The introduction of Qualcomm's CDMA technology into Japan was a key factor in driving competition for 2G cellular services and devices and in accelerating the uptake of 3G with its advanced features and capabilities. Our business model of extensively licensing our technology has opened the 3G market to new players - driving competition, growth and innovation - and we have consistently offered the best, most advanced chipsets and software at competitive prices.”
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2005 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.
Qualcomm is a registered trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.