Korea's top court upholds W18.6b fine on Broadcom for pressuring Samsung into unfair deal

What happened: South Korea's Supreme Court upheld an 18.6 billion won antitrust fine against Broadcom for forcing Samsung into an unfavorable long-term component supply agreement. Key numbers: Fine of 18.6 billion won ($13.9 million). Samsung agreed in March 2020 to buy at least $760 million of Broadcom components annually for three years from 2021. Why it matters: The Supreme Court's dismissal finalizes the Korea Fair Trade Commission's penalty and corrective orders, leaving the sanctions in place after Broadcom's court challenge failed.

South Korea's Supreme Court upheld an 18.6 billion won antitrust fine against Broadcom for forcing Samsung into an unfavorable long-term component supply agreement.

The Supreme Court's dismissal finalizes the Korea Fair Trade Commission's penalty and corrective orders, leaving the sanctions in place after Broadcom's court challenge failed.