EU Commission fines Qualcomm for second time over market abuse

18 Jul 2019

EU Commission fines Qualcomm for second time over market abuse

BRUSSELS Qualcomm (O:QCOM), the world's no.1 chipmaker, was fined 242 million euros ($272 million) on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust penalty.

The European Commission, the EU's competition regulator, accused Qualcomm of predatory pricing between 2009 and 2011 aimed at forcing out British phone software maker Icera, now part of Nvidia Corp (O:NVDA).

"Qualcomm's strategic behavior prevented competition and innovation in the market," Competition Commissioner Margrethe Vestager said in a statement.

The Commission fined Qualcomm 997 million euros ($1.1 billion) last year for paying iPhone maker Apple (O:AAPL) to use only its chips, a tactic aimed at thwarting rivals including Intel (O:INTC).

Facebook Comments

You can comment on EU Commission fines Qualcomm for second time over market abuse using Facebook here

Disqus Comments

Join the discussion on EU Commission fines Qualcomm for second time over market abuse using Disqus