Qualcomm appeals EC’s one-billion Euros fine on modem chips

Qualcomm appeals EC’s one-billion Euros fine on modem chips

Business news |
By eeNews Europe

The EC alleges that certain provisions of this agreement were in violation of European Union competition law and has imposed a fine of approximately 997,439,000 Euros (approximately $1.23 billion USD at current exchange rates).

The chip vendor disagrees with the decision and announced it will appeal it to the General Court of the European Union, adding the EC decision does not relate to Qualcomm’s licensing business and has no impact on ongoing operations.

“We are confident this agreement did not violate EU competition rules or adversely affect market competition or European consumers,” said Don Rosenberg, executive vice president and general counsel of Qualcomm. “We have a strong case for judicial review and we will immediately commence that process.”

The company is already under attack on several front from several customers over its aggressive modem pricing strategy, often accused of unfair competition practises or of being in a monopoly position. It also currently faces fines from Taiwan, Korea and is in dispute with a number of customers all bargaining pricing adjustments for its modem chipsets.

Qualcomm –


Related articles:

Qualcomm faces daily fine as legacy of Icera dispute

Taiwan hits Qualcomm with $773 million antitrust fine

Apple steps up the pressure on Qualcomm: stops licensing payments

Qualcomm denies European antitrust charges

China deal squeezes royalty cuts from Qualcomm

Qualcomm faces $900 million fine from Korea

Taiwan joins pack pursuing Qualcomm

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News


Linked Articles