Qualcomm: fined almost a billion euros
(CercleFinance.com) - 997 millions d'euros.
That's the amount, which is both astronomical and historical, of the European Commission's fine to Qualcomm, which has been found guilty of abusing a dominant market position.
In a statement issued on Wednesday lunchtime, Brussels that it deems that "Qualcomm illegally shut out rivals from the market for LTE baseband chipsets for over five years, thereby cementing its market dominance.
Qualcomm paid billions of US Dollars to a key customer, Apple, so that it would not buy from rivals." "This is illegal under EU antitrust rules," the Commission stated.
The fine represents 4.9% of Qualcomm's 2017 revenues.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
That's the amount, which is both astronomical and historical, of the European Commission's fine to Qualcomm, which has been found guilty of abusing a dominant market position.
In a statement issued on Wednesday lunchtime, Brussels that it deems that "Qualcomm illegally shut out rivals from the market for LTE baseband chipsets for over five years, thereby cementing its market dominance.
Qualcomm paid billions of US Dollars to a key customer, Apple, so that it would not buy from rivals." "This is illegal under EU antitrust rules," the Commission stated.
The fine represents 4.9% of Qualcomm's 2017 revenues.
Copyright (c) 2018 CercleFinance.com. All rights reserved.