Qualcomm lost its fight against a data demand from EU antitrust regulators after Europe’s top court reaffirmed the regulators’ right to see it, in a case that has already landed the company a €242 million (US$292.60 million) fine, reported Reuters.
The ruling by the Luxembourg-based Court of Justice of the European Union (CJEU) will strengthen the European Commission’s hand in other antitrust investigations.
Qualcomm’s run-ins with the Commission have seen it receive total fines of €1.2 billion in two cases in the last three years for using its market power to thwart rivals including Intel.
Its grievances with the EU competition enforcer date from 2017 when it was told to provide more information in a case in which it was accused of predatory pricing between 2009 and 2011 to squash British phone software maker Icera, subsequently bought by Nvidia.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – China Edition – Year of the Dragon
Apr 16, 2024 by
CPI
Review Logic and Rules for Concentrations of Undertakings that Do Not Meet the Standard of Notification
Apr 16, 2024 by
CPI
China’s Review of Semiconductor Transactions
Apr 16, 2024 by
CPI
Key Challenges and Tips for Merger Control Filing in China for Listed Companies
Apr 16, 2024 by
CPI
Key Point Review: China SPC Antitrust Judgments in 2023
Apr 16, 2024 by
CPI