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LG’s 5G Phones in Doubt as Chip Deal With Qualcomm Set To Expire

Sales of LG’s new 5G smartphone looked uncertain this week after the firm said it was unable to narrow differences with Qualcomm to renew a chip license deal that is due to expire this month. From a report: In a U.S. court filing late on Tuesday, the South Korean firm opposed Qualcomm’s efforts to put a sweeping U.S. antitrust decision against it on hold, arguing setting the ruling aside could force it into signing another unfair deal. “If Qualcomm does not participate in negotiations with LGE in accordance with the Court’s Order, LGE will have no option but to conclude license and chipset supply agreements once again on Qualcomm’s terms,” LG’s filing in the federal court in San Jose, California said. The lack of clarity over a new license deal raises concerns over the rollout of LG’s newly launched 5G smartphones, crucial for the loss-making handset maker to boost flagging smartphone sales and catch up with Samsung.


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