EU fines Qualcomm US$271m for ‘predatory pricing’Business | 18 Jul 2019 6:45 pm
The European Union has fined U.S. chipmaker Qualcomm US$271 million, accusing it of “predatory pricing.”
EU Antitrust Commissioner Margrethe Vestager said today the U.S. company was abusing its market dominance in 3G baseband chipsets and said it sold below cost to force out a competitor.
Vestager said the market was too important to tolerate such abuse. She said “baseband chipsets are key components so mobile devices can connect to the internet. Qualcomm sold these products at a price below cost to key customers with the intention of eliminating a competitor.”
She said the competitor was Icera.-AP