QUALCOMM Incorporated (QCOM) Sued Over Antitrust Violation on Smartphone Chips in the UK

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the high-growth semiconductor stocks that are profitable in 2025. On October 6, reports emerged indicating that the company faces an antitrust lawsuit in the UK over claims that it abused its dominant position in the supply of chipsets for smartphones.

Kārlis Dambrāns/Flickr

A UK consumer group alleges that the company has breached UK competition laws by exploiting its dominance in the patent licensing and chipset markets. The consumer group further claims that Qualcomm ended up charging manufacturers such as Apple and Samsung inflated fees for technology licenses.

The group wants consumers to be compensated, as device manufacturers ultimately passed additional costs on to consumers through higher prices for their devices. It is estimated that each affected consumer in the UK could receive £17 per phone if the action is successful.

QUALCOMM Incorporated (NASDAQ:QCOM) develops and supplies wireless technologies, semiconductors (such as Snapdragon chips), and licenses for communication services, fundamentally powering mobile devices and expanding into areas like the Internet of Things (IoT), automotive, and cloud computing.

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Disclosure: None. This article is originally published at Insider Monkey.