Signed pact means that LG's phones will be powered by Snapdragon chips for another five years

Chipmaker Qualcomm really doesn't get along with too many phone manufacturers. After all, as detailed in the FTC v. Qualcomm lawsuit that was decided against the company, Qualcomm has a number of sales practices that are considered anti-competitive. These include its "No license, no chips" policy, royalties computed by using the retail price of a phone, and its refusal to license standard-essential patents to competitors at a Fair, Reasonable and Non-Discriminatory (FRAND) rate. The latter are patents that manufacturers need to license so that their products can meet certain technical standards.

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