Arthur
Honorary Master
Antitrust regulators from the EU’s European Commission (EC) have formally charged U.S.-based mobile chipset maker Qualcomm with two sets of antitrust charges.
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The firm has until March 2016 to respond and could be forced to change its business practices and be fined up to $2.6 billion, or 10 percent of its annual global revenue. Such a fine has never been levied by the EC, however.
In an interesting side-note, The New York Times says that Qualcomm is no stranger to antitrust troubles: The firm paid a $975 million fine for violating China’s antimonopoly laws earlier this year.
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...
The firm has until March 2016 to respond and could be forced to change its business practices and be fined up to $2.6 billion, or 10 percent of its annual global revenue. Such a fine has never been levied by the EC, however.
In an interesting side-note, The New York Times says that Qualcomm is no stranger to antitrust troubles: The firm paid a $975 million fine for violating China’s antimonopoly laws earlier this year.
More