Qualcomm loses court appeal against European Union antitrust penalty in chipset case from 2019

Qualcomm loses court appeal against European Union antitrust penalty in chipset case from 2019

a month ago
Anonymous $genLyrxdTY

https://apnews.com/article/european-union-qualcomm-antitrust-court-01dfc49c8de0cb792ea2eb7e4327cd10

LONDON (AP) — Qualcomm lost its bid on Wednesday to get a European Union antitrust penalty thrown out after a top court largely rebuffed the technology company's arguments in the case involving cellphone chipsets.

The European Union's General Court said it was rejecting most of Qualcomm's appeal against the 242 million euro ($269 million) fine that the bloc's regulators issued in 2019, accusing the company of “predatory pricing” to drive a competitor out of the market.