EU Commission fines chip maker Qualcomm for alleged ‘predatory pricing’ [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
EU Commission fines chip maker Qualcomm for alleged ‘predatory pricing’ In yet another European Union move against a U.S. tech company, the bloc’s antitrust chief on Thursday fined chip maker Qualcomm $271 million, accusing it of “predatory pricing” to drive a competitor out of the market. EU Antitrust Commissioner Margrethe Vestager said Qualcomm was abusing its market dominance in 3G baseband chipsets. She said it sold them below the cost of production to force startup Icera out of the market almost a decade ago. “Baseband chipsets are key components so mobile devices can connect to the internet. Qualcomm sold these products at a price below cost to key customers with the intention of eliminating a competitor,” she said. Story continues below advertisement Qualcomm is facing antitrust battles on multiple fronts. In the U.S., a federal judge ruled in May that Qualcomm unlawfully squeezed out cellphone chip rivals and charged excessive royalties to manufacturers such as Apple. The Jus
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