Device Diary
image

Qualcomm's Antitrust Fine Confirmed by EU Court With Minor Reduction

Sep 23, 2024 by admin
Qualcomm's Antitrust Fine Confirmed by EU Court With Minor Reduction

Photo Credit: Reuters

Qualcomm was accused of selling its chipsets below cost between 2009 and 2011

Highlights
  • Qualcomm will have to pay a fine imposed on the chipmaker in 2019
  • The European Commission fined Qualcomm for predatory pricing
  • Qualcomm can appeal on points of law to the EU Court of Justice
Advertisement

Europe's second-top court largely confirmed on Wednesday an EU antitrust fine imposed on U.S. chipmaker Qualcomm, revising it down slightly to 238.7 million euros ($265.5 million) from an initial 242 million euros.

The European Commission imposed the fine in 2019, saying that Qualcomm sold its chipsets below cost between 2009 and 2011, in a practice known as predatory pricing, to thwart British phone software maker Icera, which is now part of Nvidia Corp.

Qualcomm had argued that the 3G baseband chipsets singled out in the case accounted for just 0.7% of the Universal Mobile Telecommunications System (UMTS) market and so it was not possible for it to exclude rivals from the chipset market.

  • Qualcomm Said to Be Exploring Buying Pieces of Intel Chip Design Business

The Court made "a detailed examination of all the pleas put forward by Qualcomm, rejecting them all in their entirety, with the exception of a plea concerning the calculation of the amount of the fine, which it finds to be well founded in part," the Luxembourg-based General Court said.

Qualcomm can appeal on points of law to the EU Court of Justice, Europe's highest.

The chipmaker did not immediately reply to an emailed Reuters request for comment.

  • What is Qualcomm’s Edge Over Intel in AI PC Race? Reveals Mike Roberts

The company convinced the same court two years ago to throw out a 997 million euro antitrust fine handed down in 2018 for paying 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.

The EU watchdog subsequently declined to appeal the judgment.

The case is T-671/19 Qualcomm v Commission (Qualcomm - predatory pricing).

  • Here's When Apple Might Equip Its iPhone With Its First In-House Modem

© Thomson Reuters 2024

  • Snapdragon-Powered Android Phones Can Support AI Integration: Qualcomm CMO

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Qualcomm, Antitrust, EU
Oppo Find X8 Series to Arrive With Features Cloned from iPhone 16 Pro Models, Tipster Claims

Related Stories

  • Apollo Global Said to Offer $5 Billion Investment in Intel
    Apollo Global Said to Offer $5 Billion Investment in Intel
    23 September 2024
  • Qualcomm Said to Have Approached Intel About a Takeover in Recent Days
    Qualcomm Said to Have Approached Intel About a Takeover in Recent Days
    21 September 2024
  • Qualcomm Said to Be Exploring Buying Pieces of Intel Chip Design Business
    Qualcomm Said to Be Exploring Buying Pieces of Intel Chip Design Business
    6 September 2024
  • Snapdragon X Plus 8-Core Chipset for More Affordable Copilot+ PCs Announced Ahead of IFA 2024
    Snapdragon X Plus 8-Core Chipset for More Affordable Copilot+ PCs Announced Ahead of IFA 2024
    4 September 2024
  • Qualcomm to Launch New Snapdragon X Series Chip That Will Power More Affordable AI PCs Later This Year: Report
    Qualcomm to Launch New Snapdragon X Series Chip That Will Power More Affordable AI PCs Later This Year: Report
    3 September 2024

Leave a Comment