Qualcomm Wins Legal Case Against $1.05 Billion EU Antitrust Fine Imposed for Anti-Competitive Practice

[ad_1]

US chipmaker Qualcomm on Wednesday won its fight against a EUR-997-million (roughly Rs. 8,170 crore) fine imposed by EU antitrust regulators four years ago for paying Apple to use only its chips and blocking out rivals such as Intel.

The European Commission in its 2018 decision said the anti-competitive practice took place from 2011 to 2016, with Qualcomm paying billions of dollars to Apple to use its chips in all its iPhone handsets and iPad tablets.

The General Court, Europe’s second-highest, annulled the EU finding, dealing EU antitrust chief Margrethe Vestager a major blow.

“A number of procedural irregularities affected Qualcomm’s rights of defence and invalidate the Commission’s analysis of the conduct alleged against Qualcomm,” judges said.

The EU competition enforcer can appeal on matters of law to the EU Court of Justice (CJEU), Europe’s highest.

The case is T-235/18.

© Thomson Reuters 2022


Affiliate links may be automatically generated – see our ethics statement for details.

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.


Microsoft, Amazon Head and Other CEOs Urge US Congress to Pass China Competition Bill



[ad_2]

Source link