EU Regulators have announced that they are fining Qualcomm €242 million in relation to an antitrust case against the company.
The case relates to market dominance for 3G baseband chipsets that were sold between 2009 and 2011, the EU regulators have accused the company of using ‘Predatory Pricing’.
Market dominance is, as such, not illegal under EU antitrust rules. However, dominant companies have a special responsibility not to abuse their powerful market position by restricting competition, either in the market where they are dominant or in separate markets.
However, our investigation found that Qualcomm abused this dominance between mid-2009 and mid-2011 by engaging in “predatory pricing”. Qualcomm sold certain quantities of three of its UMTS chipsets below cost to Huawei and ZTE, two strategically important customers, with the intention of eliminating Icera, its main rival at the time in the market segment offering advanced data rate performance.
You can find out more information about this new fine for Qualcomm by the European Commission over at their website at the link below.
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