Broadcom under Antitrust scrutiny from FTC again – The Information

An indication to the campus places of work of chip maker Broadcom Ltd is proven in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake

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April 22 (Reuters) – Semiconductor maker Broadcom Inc (AVGO.O) is underneath scrutiny from the U.S. Federal Commerce Fee following complaints it’s forcing unique agreements with clients, The Info reported on Friday.

The FTC is within the early levels of gathering details about whether or not Broadcom, which has turn out to be a significant provider of WiFi and Bluetooth chips to corporations like Apple Inc (AAPL.O), illegally pressured exclusivity agreements on its clients, the report added.

Broadcom is blaming the supply-chain disaster to justify its calls for from clients, the report said, citing folks with data of the scenario and a doc seen by The Info.

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The FTC has declined to remark, whereas Broadcom didn’t instantly reply to a Reuters request for remark.

In July final 12 months, FTC mentioned it had filed a proposed order to settle antitrust fees in opposition to the corporate. The consent order required Broadcom to cease demanding that its clients purchase parts largely or solely from Broadcom. learn extra

Broadcom reached an analogous settlement with the European Fee in October 2020.

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Reporting by Tiyashi Datta in Bengaluru; Modifying by Krishna Chandra ELuri

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