EU Courtroom Confirms Qualcomm’s Antitrust Wonderful, With Minor Discount

Europe’s second-top court docket largely confirmed on Wednesday an EU antitrust high-quality imposed on U.S. chipmaker Qualcomm, revising it down barely to 238.7 million euros ($265.5 million) from an preliminary 242 million euros.

The European Fee imposed the high-quality in 2019, saying that Qualcomm offered its chipsets beneath value between 2009 and 2011, in a follow generally known as predatory pricing, to thwart British cellphone software program maker Icera, which is now a part of Nvidia Corp.

Qualcomm had argued that the 3G baseband chipsets singled out within the case accounted for simply 0.7% of the Common Cell Telecommunications System (UMTS) market and so it was not attainable for it to exclude rivals from the chipset market.

The Courtroom made “an in depth examination of all of the pleas put ahead by Qualcomm, rejecting all of them of their entirety, apart from a plea in regards to the calculation of the quantity of the high-quality, which it finds to be properly based partly,” the Luxembourg-based Basic Courtroom stated.

Qualcomm can attraction on factors of regulation to the EU Courtroom of Justice, Europe’s highest.

The chipmaker didn’t instantly reply to an emailed Reuters request for remark.

The corporate satisfied the identical court docket two years in the past to throw out a 997 million euro antitrust high-quality handed down in 2018 for paying billions of {dollars} to Apple from 2011 to 2016 to make use of solely its chips in all its iPhones and iPads in an effort to block out rivals equivalent to Intel Corp.

The EU watchdog subsequently declined to attraction the judgment.

The case is T-671/19 Qualcomm v Fee (Qualcomm – predatory pricing).

© Thomson Reuters 2024

(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)

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