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Hi-Tech / Hardware

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

3DNews - all the news of the site 18.07.2019 at 12:27

3DNews - all the news of the site

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.