[ad_1]
PHOTO FILE: A sign on Qualcomm campus is visible in San Diego, California, USA, November 6, 2017. REUTERS / Mike Blake / File Photo
BRUSSELS (Reuters) – Qualcomm (QCOM.O), the world's leading chip maker, was fined € 242 million on Thursday for blocking a competitor in the market about a decade ago, its second EU-imposed antitrust sanction.
The European Commission, the EU's competition regulator, has accused Qualcomm of practicing predatory pricing between 2009 and 2011 with the aim of compelling the UK manufacturer to telephony software, Icera, which is now part of Nvidia Corp. (NVDA.O).
"Qualcomm's strategic behavior has prevented competition and innovation in the market," said Competition Commissioner Margrethe Vestager in a statement.
The Commission imposed a fine of 997 million euros on Qualcomm last year for paying the iPhone maker Apple (AAPL.O) to use only its chips, tactics to outwit competitors, including Intel (INTC.O).
Report by Robin Emmott, edited by Philip Blenkinsop
Source link
