Qualcomm disappointed with continuing EU probe into pricing case

Reuters  |  BRUSSELS 

(Reuters) - U.S. chipmaker on Thursday expressed disappointment with EU antitrust regulators' decision to continue an investigation in a case where it has been accused of charging below cost prices to stymy British

"While the investigation has been narrowed, we are disappointed to see it continues and will immediately begin preparing our response to this supplementary statement of objections," said in a statement.

"We believe that once the Commission has reviewed our response it will find that Qualcomm's practices are pro-competitive and fully consistent with European competition rules," he said.

Earlier on Thursday, the charged the world's No. 1 chipmaker with a new violation.

(Reporting by Foo Yun Chee; editing by Robert-Jan Bartunek)

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

First Published: Thu, July 19 2018. 19:07 IST