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EU: Qualcomm to fight EU antitrust charges

By  |  October 2, 2016

US chipmaker Qualcomm will attempt to fend off EU antitrust charges at a hearing on Nov. 10 that it used anti-competitive methods to squeeze out a rival.

The European Commission may take Qualcomm’s arguments at the hearing into account in the case, which could delay the EC’s decision and the possible fine against the company if it is found to have infringed EU antitrust rules.

Qualcomm requested the closed-door hearing nine months after the European Commission accused it of forcing British phone software maker Icera out of the market by selling certain baseband chipsets below cost between 2009 and 2011.

The company could face a fine up to $2.5 billion or 10% of its 2015 revenue, if found guilty of breaking EU rules.

Full Content: Fortune

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