Money
EU court rejects US$1b EU antitrust fine against Qualcomm
Wednesday, 15 Jun 2022 5:57 PM MYT
LUXEMBOURG, June 15 — Europe’s second top court today scrapped a €997-million (RM4.6 billion) EU antitrust fine imposed on US chipmaker Qualcomm four years ago for paying Apple to use only its chips and blocking out rivals such as Intel Corp.
The General Court said there was a number of procedural irregularities which affected Qualcomm’s rights of defence and invalidated the European Commission’s analysis of the conduct alleged against the company.
The European Commission said the anti-competitive practice took place from 2011 to 2016. — Reuters
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