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.
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.
Featured News
Hess Shareholders Approve $53 Billion Merger with Chevron
May 28, 2024 by
CPI
EU Regulators Engage with Telegram as App Nears Critical Usage Threshold
May 28, 2024 by
CPI
EEX Offers Remedies to Address EU Antitrust Concerns Over Nasdaq Deal
May 28, 2024 by
CPI
BRG Expands European Competition Practice with New Expert Team in Brussels
May 28, 2024 by
CPI
UK Law Empowers Regulators to Fine Big Tech Without Court Approval
May 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI