News

We are set to face a second EU anti-trust fine shortly: sources

FILE PHOTO: Signs of the I and 5G as shown at the Mobile World Congress (mobile world CONGRESS), Shanghai, China, 28th June, 2019 at the latest. (REUTERS photo/Aly Song, File/Photo

BRUSSELS (Reuters) – Qualcomm (QCOM.(O), the world’s no. 1 chipmaker, could be hit with a second EU anti-trust fine, for as soon as Thursday to block a competitor from the market for more than a decade ago, people familiar with the matter said.

The company came under fire in 2015, the European Commission has been accused of engaging in predatory pricing, from 2009 to 2011, aimed at forcing out the British software maker Icera (now part of Nvidia Corp (NVDA.D).

The Commission has said We have sold a certain quantity of the MOBILE baseband chipsets for two of its clients, the cost to close the Icera on the market.

The EU’s competition rules to fill out, which you can fine firms up to 10 per cent of their global turnover, a penalty, and Qualcomm on Thursday, one of the people said, while another added that the ruling could be pushed back to next week.

The Commission fined Qualcomm 997 million euros ($1.1 billion) last year, the pay of the iPhone maker Apple (AAPL.D) just make use of the chips, it is a policy aimed at the defeat of rivals such as Intel (INTC.D).

The Commission and Qualcomm declined to comment.

This can be the European Commissioner for Competition, Margrethe Vestager, the final sanction for a tech company, and her term will expire on Dec. 31.

Significant fines and penalties and, in particular, the US-based tech giants, it is a mark of its five-year run as europe’s antitrust enforcer, a policy which earned her the wrath of the U. S President is Donald Trump.

I have also been the target of the other managers for the business world. In May, it lost an anti-trust lawsuit brought by the Federal Trade Commission, and the court’s issuance of a sweeping anti-trust ruling against the company.

Reporting by Foo Yun Chee; Editing by Kirsten Donovan

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular