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April 28, 2020 12:10 am

Broadcom Offers To Scrap Exclusivity Deals To End EU Antitrust Probe

U.S. chipmaker Broadcom has offered to scrap its exclusivity deals with TV and modem makers to end an EU antitrust investigation and stave off a possible hefty fine. Reuters reports: Broadcom, which makes chips to power smartphones, computers and networking equipment and is a major supplier to Apple, found itself in EU competition enforcers' crosshairs over its deals with six companies to buy chips exclusively or almost exclusively from it. That triggered an investigation in June last year and an order to stop such deals until the end of the probe on whether such practices were aimed at squeezing out rivals. Broadcom has now pledged not to offer incentives to TV and modem makers to encourage them to acquire more than 50% of their chips and modems from the company for their worldwide or European production. Broadcom said its offer addressed the Commission's concerns and it expected the investigation to close before the end of the year. "In these uncertain times, we welcome the opportunity to avoid protracted litigation and to resolve the investigation without recognition of liability or the imposition of a fine," the company said in a statement. The European Commission said it would now seek feedback before deciding whether to accept the offer which would be valid for five years and without a finding of infringement by the company.

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