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Qualcomm Gets $1.2 Billion EU Fine for Apple Chip Payments
Qualcomm Inc. was fined 997 million euros ($1.2 billion) by the European Union for paying Apple Inc. to shun rival chips in its iPhones.
The largest maker of chips that help run smartphones "paid billions of U.S. dollars to a key customer, Apple, so that it would not buy from rivals," EU Competition Commissioner Margrethe Vestager said in an emailed statement on Wednesday. "This meant that no rival could effectively challenge Qualcomm in this market, no matter how good their products were."
Qualcomm struck a deal with Apple in 2011 that pledged significant payments if Apple only used Qualcomm chipsets for the iPhone and iPad devices. That agreement was renewed in 2013 until 2016. Qualcomm warned it would stop these payments if Apple sold another product with a rival chip. This effectively shut out competitors such as Intel Corp. from the market for LTE baseband chipsets used in the 4G mobile phone standard for five years, the EU said.
European Commission press release. Also at Reuters.
Previously: EU Investigates Qualcomm For Antitrust Activities
U.S. Federal Trade Commission Sues Qualcomm for Anti-Competitive Practices
Apple Could Switch From Qualcomm to Intel and MediaTek for Modems
Related: Apple vs. Qualcomm Escalates, Manufacturers Join in, Lawsuits Filed in California and Germany
Qualcomm Files New Lawsuit Against Apple, Alleging it Shared Confidential Information with Intel
Broadcom Offers $105 Billion for Qualcomm; Moves HQ Back to the USA
(Score: 1, Touché) by Anonymous Coward on Wednesday January 24 2018, @09:50PM
The only spam that matters is what this fool posts! The only way forward is a SEPARATION OF POSTS from their mods! We must listen to this tired fool because with a little blind faith we can fix all of humanity's problems!! We need more competition between good posts and shitty ones! Oh wait, hold on, isn't that what modding is for?
We need more competition in the market place!! WE MUST DO AWAY WITH ANTI-COMPETITIVE PRACTICES! Woops again, I guess we need to ALLOW anti-competitive practices or else the commies win. Fucking reds and their EEVVILLLLL ways.