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Last Updated: September 21, 2023, 13:13 IST
Broadcom makes components for Samsung.
Broadcom’s long-term deal with Samsung has recently come under scrutiny, resulting in a hefty fine of 19.1 billion won for unfair practices.
South Korea’s antitrust watchdog said on Thursday it will tentatively fine Broadcom Inc and affiliates 19.1 billion won ($14.24 million) for forcing a long-term supply deal that was unilaterally disadvantageous to Samsung Electronics.
The country’s Fair Trade Commission will also issue a corrective order to Broadcom, it said in a statement.
A representative of Broadcom could not be immediately reached. Samsung declined comment.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – Reuters)
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