Qualcomm fined by the eu for monopolistic practices

It has finally happened, as was rumored. Qualcomm is fined € 242 million by the EU for abusing its dominant position in the 3G chip market. The company has been accused of selling chips below cost to get its competitor Icera out of the market. This fine corresponds to the years 2009 and 2011. Thus ends a four-year investigation in this regard.

Qualcomm fined by the EU for monopolistic practices

It is not the first time that he passes it to the company, which already last year had to pay a millionaire fine. A similar situation to the one that firms like Apple or Google experience.

New fine

This strategic behavior of Qualcomm prevented competition and innovation in this market. In addition, it represented a limitation of the options available to consumers in a sector of high demand and with the power of innovative technologies. These pressures from the firm resulted in Icera being acquired by NVIDIA and leaving this market.

The fine represents 1.27% of the company's turnover last year. So it is a good pinch for them in this regard. Although the reality is that it is not the first time that the firm has obtained a fine of this type.

Qualcomm has previously received fines in Europe, as well as in various markets in Asia. So the company is an old acquaintance in this regard. Their practices continue to be heavily criticized, but it appears that there will be no change in their practices at the moment, even with these fines.

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