Qualcomm jumps after court overturns antitrust ruling

Tuesday, 11. August 2020 18:37

Shares of chip-maker Qualcomm Inc. surged over 5% on Tuesday following news that the US 9th Circuit Court of Appeals overturned an antitrust ruling the Federal Trade Commission brought against the company in 2017.

Last year, a court ruled Qualcomm's licensing activities were competitive after the FTC alleged the company had violated antitrust laws,

Shares of Qualcomm were up 3.90% to $110.485 per share at 12:35 pm ET.

Related Links: Qualcomm Inc.
Author:
Breaking the News / JC