Qualcomm Inc.’s got a lot of legal balls in the air. And, an arm of the U.S. government may help settle one of the key cases, in which a defeat could be a big blow to the San Diego chipmaker’s patent licensing business.
Federal officials appear to be encouraging a settlement between the Federal Trade Commission and Qualcomm in an antitrust trial that concluded last month before U.S. District Judge Lucy Koh in San Jose.
About a year later, a potential instance of déjà vu for Qualcomm should a deal happen before Koh announces her verdict. Recall that a President Donald Trump order last year barred the hostile takeover of the company by Singapore-based Broadcom Ltd. on national security grounds.
The order came at the recommendation of the Treasury Department’s Committee on Foreign Investment in the United States, which vets overseas deals.
Now, according to a Wall Street Journal report, Qualcomm is contending that U.S. national security may be jeopardized by the FTC case. Representative of defense and energy departments have met with FTC commissioners in recent weeks, “supporting Qualcomm’s contention that financial losses from a court defeat in the FTC’s case would cripple the chip maker’s ability to compete with China’s Huawei Technologies Co. in the battle to develop future 5G networks and equipment,” sources told the newspaper.
As of March 13, no deal had been reached, nor had Koh made a ruling. If an agreement is hammered out, it would be the second time the national security argument plays a role in Qualcomm’s favor.
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San Diego State University and UC San Diego have announced new endeavors to bolster business education, aiding students and executives.
The Fowler College of Business at SDSU has created the Center for Advancing Global Business (CAGB) to house the school’s Center for International Business Education & Research program and Charles W. Hostler Institute on World Affairs.
The CAGB was established to support academic research, international internship/study programs, assisting local businesses develop international markets, and other programs designed to expand global business education, according to a news release.
Meanwhile, the UC San Diego’s School of Global Policy and Strategy has partnered with three foreign universities to launch a program to train students around the globe in economic diplomacy via a coordinated academic year curricula, collaborative case studies and faculty exchanges, according to a news release.