Qualcomm hit with $271M EU fine over predatory pricing of baseband chips

Qualcomm hit with $271M EU fine over predatory pricing of baseband chips

5 years ago
Anonymous $9jpehmcKty

https://techcrunch.com/2019/07/18/qualcomm-hit-with-271m-eu-fine-over-predatory-pricing-of-baseband-chips/

A long-running European antitrust investigation into whether Qualcomm used predatory pricing when selling UMTS baseband chips about a decade ago has landed the chipmaker with a fine of €242 million (~$271M) — aka, 1.27% of its global revenue for 2018.

The EU regulator concluded Qualcomm used abusive pricing to force its main rival at the time, UK-based company Icera, out of the market — by selling certain quantities of three of its UMTS chipsets below cost to two strategically important customers: Chinese tech companies Huawei and ZTE.