"The FTC orders Qualcomm to take corrective measures against its power abusing business and imposes 1.03 trillion won ($853 million) in fines," the watchdog said in a statement that followed a three-year-long investigation. "The decision is aimed at putting right Qualcomm's unfair business model." The penalty is the highest-ever fine imposed by the FTC, breaking an earlier record of 668.9 billion won levied on six gas suppliers in 2010, Yonhap news agency reported. The San Diego-based chip maker said it would approach the Seoul High Court to appeal the decision.