Qualcomm loses court bid against EU antitrust regulators' demand for data [Reuters (UK)]
NVIDIA Corporation (NVDA)
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Source: Reuters
Qualcomm loses court bid against EU antitrust regulators' demand for data - Reuters 2 Min Read BRUSSELS (Reuters) - U.S. chipmaker Qualcomm on Tuesday lost a court challenge against a demand for it to provide EU regulators with data in a long-running antitrust case. The world’s no. 1 chipmaker had already provided the information after being ordered to pay a daily fine for withholding it, but the Luxembourg-based General Court’s ruling is expected to strengthen the Commission’s hand in future similar cases. Qualcomm has been under the EU spotlight since 2015, when it was accused of predatory pricing between 2009 and 2011 aimed at forcing out British phone software maker Icera, subsequently bought by Nvidia Corp. As part of the investigation, the Commission in January 2017 told Qualcomm to provide more information. The company said the request went beyond the investigation’s scope and took its grievance to the General Court. While waiting for a judgment, Qualcomm however acceded to the
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