Qualcomm Wins Fight Against $1 Billion EU Antitrust Fine
2 years, 6 months ago

Qualcomm Wins Fight Against $1 Billion EU Antitrust Fine

News 18  

LUXEMBOURG:U.S. chipmaker Qualcomm on Wednesday won its fight against a 997 million euro fine imposed by EU antitrust regulators four years ago, dealing a major setback to EU antitrust chief Margrethe Vestager's crackdown on Big Tech. The European Commission in its 2018 decision said Qualcomm paid billions of dollars to Apple from 2011 to 2016 to use only its chips in all its iPhones and iPads in order to block out rivals such as Intel Corp Qualcomm's fine is one of several imposed by Vestager on companies ranging from Alphabet unit Google to banks and truckmakers over anti-competitive practices. This is the second major defeat for Vestager who in January lost the court's backing for a 1.06 billion euro fine on Intel 12 years ago for squeezing rival Advanced Micro Devices. Vestager's next test is on Sept. 14 when the General Court will rule on Google's challenge against a record 4.34 billion euro antitrust fine levied for using its Android mobile operating system to squeeze out rivals.

History of this topic

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3 months, 3 weeks ago
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