19Negative
Serious
Neutral
Optimistic
Positive
- Total News Sources
- 9
- Left
- 3
- Center
- 1
- Right
- 0
- Unrated
- 5
- Last Updated
- 1 day ago
- Bias Distribution
- 56% Unrated
Qualcomm has faced a significant setback as the European Union's General Court largely rejected its appeal against a €242 million ($269 million) antitrust fine for predatory pricing aimed at driving competitor Icera out of the market. The court upheld the 2019 ruling by the European Commission, which accused Qualcomm of abusing its dominance in the 3G baseband chipset market by selling products below production costs. While the court acknowledged one argument regarding the calculation of the fine, it ultimately reduced the penalty slightly to €238.7 million. Qualcomm expressed disappointment with the ruling, maintaining its stance that it has complied with EU competition laws. This ruling adds to Qualcomm's ongoing legal challenges with European regulators, including a previously overturned fine of $1.23 billion related to alleged anti-competitive practices involving Apple. The case highlights the EU's rigorous enforcement of antitrust regulations in the tech industry.
- Total News Sources
- 9
- Left
- 3
- Center
- 1
- Right
- 0
- Unrated
- 5
- Last Updated
- 1 day ago
- Bias Distribution
- 56% Unrated
19Negative
Serious
Neutral
Optimistic
Positive
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