Qualcomm fined $1.2 billion by the EU for paying off #apple
January 24, 2018 | Uncategorized
Qualcomm has been hit by a fine of €997 million ($1.2 billion) from the European Union for violating antitrust laws in a series of deals with Apple.
The US chipmaker is accused of paying the iPhone-maker billions of dollars between 2011 and 2016 to exclusively use its 4G chips in the iPhone and iPad. “This meant that no rival could effectively challenge Qualcomm in this market, no matter how good their products were,” said EU competition commissioner Margrethe Vestager in a press statement. “This is illegal under EU antitrust rules and why we have taken today’s decision.”
Speaking at a press conference in Brussels, Vestager said that Qualcomm’s actions had shut out rival Intel, which makes its own 4G chips. “It would have cost Apple a…
