EU fines chipmaker Qualcomm $271 million for 'predatory' pricing
Highlights
- This is the second mega penalty levelled against Qualcomm by the European Union
- EU had already fined the chipmaker 997 million euros in January 2018
(File photo: Reuters)BRUSSELS: The EU hit US chipmaking giant Qualcomm with an antitrust fine of 242 million euros ($271 million) on Thursday, in another blow against a tech titan that is fighting global competition battles.
The fine is the second mega penalty levelled against Qualcomm by Brussels, which already fined the chipmaker 997 million euros in January 2018.
"Our investigation found that Qualcomm abused (its market) dominance between mid-2009 and mid-2011 by engaging in predatory pricing," an EU statement said.
The fine is the second mega penalty levelled against Qualcomm by Brussels, which already fined the chipmaker 997 million euros in January 2018.
"Our investigation found that Qualcomm abused (its market) dominance between mid-2009 and mid-2011 by engaging in predatory pricing," an EU statement said.
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