A PYMNTS Company

EU: Qualcomm may face EC probe amid China struggles

By  |  September 1, 2014

Qualcomm, the world’s leading maker of smartphone chips, is now facing an antitrust investigation within the EU as the company juggles an ongoing probe in China, say reports.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to unnamed sources, the European Commission is considering launching a formal investigation into Qualcomm in response to a formal complaint filed by rival Icera in 2010. Icera, which is now owned by Nvidia, argued that Qualcomm violated antitrust rules through its use of exclusionary pricing of its products and offering patent-related incentives to discourage its customers from buying Icera products.

    According to reports, the complaints could lead to fines of up to $2.5 billion for Qualcomm.

    The US company is currently facing an investigation by Chinese competition authorities over similar allegations.

    Full content: Forbes

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.