A PYMNTS Company

EU: Commission adds charge to Qualcomm antitrust investigation

By  |  July 19, 2018

On Thursday EU antitrust regulators charged Qualcomm with a new violation in a case accusing the company of selling chipsets below cost to drive out Nvidia and phone software maker Icera, reported Reuters.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Reuters report states that “The supplementary statement of objections sent today focuses on certain elements of the “price-cost” test applied by the Commission to assess the extent to which UMTS baseband chipsets were sold by Qualcomm at prices below cost,” the European Commission said.

    The EU enforcer had in 2015 accused the world’s No. 1 chipmaker of abusing its market power to thwart Icera between 2009 and 2011, following a complaint from Icera.

    Qualcomm can face a fine up to 10 percent of its worldwide turnover if found guilty of breaching EU antitrust rules.

    They were hit with a €997 million (US$1.2 billion) penalty in January this year for paying Apple to use only its chips in a bid to squeeze out rival Intel and others.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.