EU Commission fines chip maker Qualcomm for second time over market abuse [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
EU Commission fines chip maker Qualcomm for second time over market abuse Qualcomm, the world’s no.1 chip maker, was fined €242-million (US$272-million) by the European Commission on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust penalty. The European Commission, the EU’s competition regulator, accused Qualcomm of predatory pricing between 29 and 211 aimed at forcing out British phone software maker Icera, now part of Nvidia Corp. “Qualcomm’s strategic behaviour prevented competition and innovation in the market,” Competition Commissioner Margrethe Vestager said in a statement. Story continues below advertisement In a news conference, she later defended the time it had taken to reach a decision – the Commission first accused the company of predatory pricing in 215 – saying it had been a complex case that depended on evidence from Qualcomm. The fine amounts to 1.27 per cent of Qualcomm’s turnover in 218. Qualcomm said it would appeal the decis
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