Qualcomm Hit With $272 Million Antitrust Fine [The Motley Fool]
NVIDIA Corporation (NVDA)
Last nvidia corporation earnings: 2/13 04:20 pm
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Source: The Motley Fool
Qualcomm Hit With $272 Million Antitrust Fine -- The Motley Fool Qualcomm Hit With $7 Million Antitrust Fine Regulators allege that the mobile-chip giant undermined competition a decade ago. ( TMFNewCow Follow @@TMFNewCow NASDAQ:QCOM trying to pause enforcement Here's what investors need to know. Image source: Getty Images. Two fines in two years The commission has now imposed a fine of million euros ($7 million), representing approximately .% of Qualcomm's revenue in 08, for abusing its dominant position in the market for G modems. Between mid-009 and mid-0, Qualcomm sold chips below cost to prominent customers Huawei and ZTE in order to drive rival Icera out of the market, according to the commission. At the time, Icera was starting to gain traction and become a viable rival, and regulators concluded that "Qualcomm's conduct had a significant detrimental impact on competition." The commission notes that while it's not illegal to acquire market dominance -- Qualcomm had an estimated
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NVDA
Earnings
- 2/21/24 - Beat
NVDA
Sec Filings
- 4/10/24 - Form 4
- 4/9/24 - Form 4
- 4/3/24 - Form 4
- NVDA's page on the SEC website