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Hi-Tech / Hardware

The EU has fined Qualcomm for 242 million Euro in the trading chips at dumping prices

3DNews: Novosti Hardware 18.07.2019 at 12:27

3DNews: Novosti Hardware

EU fined Qualcomm for 242 million euros (272 million dollars) for selling chips 3G modems at dumping prices in the attempt to displace from the market of a competing vendor Icera. The European Commission has stated that the U.S. company used its dominance of the market for sales in 2009-2011 at prices below the cost of the chips designed for USB dongles, which are used to connect to the mobile Internet. This fine they drew the line nearly four-year investigation by the European Union activities of Qualcomm.