A PYMNTS Company

EU: Qualcomm to be fined for abusing dominance

 |  January 23, 2018

The European Union is set to fine US chipmaker Qualcomm Inc for taking advantage of its dominance when it paid Apple Inc to use its chips exclusively in Apple mobile devices, The Financial Times reported on Tuesday.

Europe’s antitrust watchdog is expected to say on Wednesday that Qualcomm hurt competition and innovation when it paid Apple to buy all of its communication chipsets from Qualcomm between 2011 and 2016, the FT reported, citing people familiar with the matter.

Apple and Qualcomm are engaged in a wide-ranging legal battle over patents that started with Apple suing Qualcomm for nearly US$1 billion in patent royalty rebates that the chipmaker allegedly withheld from the company.

Full Content: Financial Times

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