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US chipmaker Qualcomm fined €242 million by Europe
30 days ago - By ZDnet
Qualcomm sold products below cost to Huawei and ZTE, with the aim of forcing its competitor Icera out of the market, the EC has ruled.
Read more ...Qualcomm hit with $271M EU fine over predatory pricing of baseband chips
30 days ago - By TechCrunch
A long-running European antitrust investigation into whether Qualcomm used predatory pricing when selling UMTS baseband chips about a decade ago has landed the chipmaker with a fine of €242 million - aka, 1.27% of its global revenue for 2018.
The EU regulator concluded Qualcomm used abusive pricing to force its main rival at the time, UK-based company Icera, out of the market - by selling certain quantities of three of its UMTS chipsets below cost to two strategically important customers: Chinese tech companies Huawei and ZTE.
. Qualcomm sold baseband chipsets (for mobile devices to...
Read more ...EU fines Qualcomm $272 million for selling chips below cost and driving rival out of the market
30 days ago - By Phone Arena
The European Commission has ruled out that Qualcomm sold 3G chips at predatory prices between 2009 and 2011 in an attempt to drive competing supplier Icera out of the market and has slapped a $272 million anti-trust fine.
The ruling is in regard to 3G chips that Qualcomm sold for mobile Internet dongles at the time, and with this latest fine also concludes a four-year EU investigation into Qualcomm.
"Qualcomm's strategic behavior prevented competition and innovation in this market, and limited the choice available to consumers in a sector with a ...
Read more ...EC slaps Qualcomm with €242m fine over Icera price war
30 days ago - By The Inquirer
Watchdog rules firm engaged in 'predatory pricing'
Read more ...Qualcomm fined $272M in latest EU antitrust fine
30 days ago - By The Verge
Photo by Ramon Costa/SOPA Images/LightRocket via Getty Images
The EU has fined Qualcomm €242 million for selling 3G modem chips at predatory prices in an attempt to drive a competing supplier, Icera, out of the market. The European Commission says that the company used its market dominance to sell chips meant for mobile internet dongles at below cost between 2009 and 2011. Today's announcement marks the end of the EU's nearly four year long investigation into Qualcomm's actions.
Announcing the fine, the EU's Competition Commissioner Margrethe Vestager, said that “Qualcomm's strategic...
Read more ...Qualcomm faces second EC fine over decade-old Icera price war
30 days ago - By The Inquirer
Chipmaker could be handed penalty as soon as today
Read more ...
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