Qualcomm is facing a $1.23 billion fine by the European Commission for allegedly paying Apple to exclusively use Qualcomm LTE chips in the iPhone and iPad. Page: 1
Trouble For Qualcomm
Matters are only getting more complicated for chip maker Qualcomm, which is already in the midst of several lawsuits with Apple along with a hostile takeover bid by Broadcom. Now, the European Union’s antitrust regulator, the European Commission, has brought a $1.23 billion fine against Qualcomm for alleged “abuse of dominant market position.” The case revolves around an exclusivity deal that the European Commission alleges Qualcomm “illegally” reached with Apple to ensure that Apple would only buy LTE chips from Qualcomm rather than from rivals such as Intel. What follows are five key things to know about the case.
