Qualcomm has lost a long-running antitrust lawsuit. It opened in 2015 when the European Union officially accused the company of using its dominant position in the smartphone chipset market to suppress competitors.
In 2019, the European Union requested the company to provide information on sales of modems for smartphones to two large customers. Qualcomm filed an appeal asking the court to reject the EU’s request. The company said it would cost it at least three million euros to collect the data required by the European Union and would require thousands of hours of work, 50 employees and 16 external consultants.
In 2019, the European Commission imposed a € 242 million fine on Qualcomm for “predatory behavior” between 2009 and 2011. It was stated that the processor manufacturer was pricing its products below cost to drive competitors out of the market. Qualcomm then said that while the appeal was pending, the company would provide financial guarantees instead of paying fines. It was rejected today and Qualcomm is now forced to pay the fine.
However, the company disagrees with the court’s decision. A Qualcomm spokesman said: “The European Commission spent several years studying our sales to two customers, but each of them stated that they prefer Qualcomm chips not because of the price, but because the competitors’ products are technically inferior to them.“.
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