On Friday, the FTC (FTC) believed that AVGO.US had illegally used its market power to force manufacturers to sign contracts and banned buyers of its chips from trading with other competitors, Zhitong Financial APP learned. The committee has issued allegations that Broadcom is engaged in illegal monopoly practices.
Holly Widova, acting Director of the Competition Office of the Federal Trade Commission, said: "Today's complaint reflects the Commission's commitment to enforcement of antitrust laws for monopolies, including in high-tech industries." Broadcom is a supplier to AAPL.US, which makes important components for the iPhone family. The company is also known for distributing components for televisions and broadband Internet services.
By the close, Broadcom was down 0.27% at $468.39.