Qualcomm, the world’s leading maker of smartphone chips, is now facing an antitrust investigation within the EU as the company juggles an ongoing probe in China, say reports.
According to unnamed sources, the European Commission is considering launching a formal investigation into Qualcomm in response to a formal complaint filed by rival Icera in 2010. Icera, which is now owned by Nvidia, argued that Qualcomm violated antitrust rules through its use of exclusionary pricing of its products and offering patent-related incentives to discourage its customers from buying Icera products.
According to reports, the complaints could lead to fines of up to $2.5 billion for Qualcomm.
The US company is currently facing an investigation by Chinese competition authorities over similar allegations.
Full content: Forbes
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Swisscom’s Fastweb-Vodafone Italia Merger Gains Momentum with Antitrust Approval Pending
Nov 24, 2024 by
CPI
Novo Holdings Nears EU Approval for $16.5 Billion Catalent Acquisition
Nov 24, 2024 by
CPI
Australia Drops Plan to Fine Tech Giants for Misinformation Spread
Nov 24, 2024 by
CPI
Michael Jordan’s Racing Team Drops Antitrust Appeal Against NASCAR
Nov 24, 2024 by
CPI
EU Closes Apple E-Book Antitrust Probe After Complaint Dropped
Nov 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Remedies Revisited
Oct 30, 2024 by
CPI
Fixing the Fix: Updating Policy on Merger Remedies
Oct 30, 2024 by
CPI
Methodology Matters: The 2017 FTC Remedies Study
Oct 30, 2024 by
CPI
U.S. v. AT&T: Five Lessons for Vertical Merger Enforcement
Oct 30, 2024 by
CPI
The Search for Antitrust Remedies in Tech Leads Beyond Antitrust
Oct 30, 2024 by
CPI