EU court rejects $1 billion EU antitrust fine against Qualcomm
2022.06.15 12:27
FILE PHOTO: A woman walks past a counter displaying mobile phones at the Qualcomm booth during the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2021. REUTERS/Florence Lo
LUXEMBOURG (Reuters) – Europe’s second top court on Wednesday scrapped a 997-million-euro ($1.05 billion) EU antitrust fine imposed on U.S. chipmaker Qualcomm (NASDAQ:QCOM) four years ago for paying Apple (NASDAQ:AAPL) to use only its chips and blocking out rivals such as Intel Corp (NASDAQ:INTC).
The General Court said there was a number of procedural irregularities which affected Qualcomm’s rights of defence and invalidated the European Commission’s analysis of the conduct alleged against the company.
The European Commission said the anti-competitive practice took place from 2011 to 2016.
The case is T-235/18.
($1 = 0.9532 euros)
