The European Commission has fined US chipmaker Qualcomm €242 million for abuse of market dominance in 3G baseband chipsets. The chipsets are a key component which enable smartphones and computer tablets to connect to the internet via 3G.
The European Commission has found that company engaged in predatory pricing, “with the intention of eliminating a competitor”.
The fine represents 1.27% of Qualcomm’s 2018 turnover, and is the second fine imposed on Qualcomm by the European Commission in 18 months.
Qualcomm has indicated that it will appeal against the decision.
The European Commission’s press release can be found here.
Please contact Tim Cowen if you have any questions regarding the European Commission’s Qualcomm investigation, or competition law in general.