|Title||Qualcomm Tries to Kick Holes in EU €242 Million Decision|
|Date||Friday March 17, @08:07AM|
|from the dept.|
Hopes to avoid paying up for crushing a rival while helping Huawei and ZTE to prosper:
Qualcomm on Monday began an attempt to convince the European Union's Court of Justice that it should not pay a €242 million ($258 million) fine imposed on it for anti-competitive behavior.
The fine — worth about two percent of Qualcomm's 2022 profits — was levied against the US chipmaker in 2019. At the time, the European Commission found that Qualcomm had sold 3G baseband chipsets at a loss to harm British rival Icera's ability to compete.
[...] In order to prevent Nvidia-controlled Icera from claiming a larger slice of the market, the European Commission says Qualcomm began selling its UMTS chipsets to the likes of Huawei and ZTE at prices its rival couldn't match.
[...] The European Commission ultimately smacked Qualcomm with a €242 million fine for its behavior. As Qualcomm's profits reached $12.9 billion last year, the fine is significant but not very damaging.
Qualcomm is nevertheless trying to avoid paying the fine. In court Monday, Reuters reports that Qualcomm Attorney, Miguel Rato claimed the European Commission was on a "crusade" against the company. Rato also called into question the basis for the Commission's argument, arguing the specific market for 3G baseband chips accounted for less than a percent of the overall UMTS market at the time.
[...] Despite handing down several billion-dollar-plus fines for anticompetitive behavior over the past few years, the European Commission hasn't had great luck getting them to stick.
Intel escaped a $1.2 billion antitrust fine imposed by Brussels for offering hardware partners rebates for its x86 processors. Chipzilla even bribed German electronics retailer Media Saturn Holding to ensure it did not sell rival AMD's parts.
But after a years-long legal battle, Intel overturned the penalty and was told it didn't have to pay. To add insult to injury, Intel returned to court last spring demanding that the EU pay €593m ($623.5m) in interest charges.
printed from SoylentNews, Qualcomm Tries to Kick Holes in EU €242 Million Decision on 2023-03-22 05:23:41