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January 24, 2018 04:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Vs5zi5PdWUE/eu-fines-qualcomm-12-billion-for-paying-apple-to-use-its-microchips
EU Fines Qualcomm $1.2 Billion for Paying Apple To Use Its Microchips
The European Union on Wednesday slapped a $1.23 billion fine on U.S. chipmaker Qualcomm for abusing its market dominance in the lucrative sector of components in smartphones and tablets for half a decade. From a report: EU Commissioner Margrethe Vestager said that San Diego-based Qualcomm "illegally shut out rivals from the market" for more than five years by paying key customer Apple to not use chips made by Qualcomm's rivals. Vestager said Qualcomm paid "billions of dollars" to Apple and in the process helped establish itself as the dominant force.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Vs5zi5PdWUE/eu-fines-qualcomm-12-billion-for-paying-apple-to-use-its-microchips
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