Qualcomm Faces Second EU Fine as Vestager’s Last Big-Tech Target

Qualcomm Faces Second EU Fine as Vestager’s Last Big-Tech Target

Foto: EC

Qualcomm faces another EU antitrust fine a year after being ordered to pay 997 million euro penalty, according to Bloomberg, citing three people familiar with the latest case.

The chip giant may be fined as soon as next month, said the people, who asked not to be named because the process isn’t public. That would make it the last U.S. technology firm to get a large antitrust penalty from Competition Commissioner Margrethe Vestager.

Vestager is due to step down later this year after punishing Google with more than $9 billion in fines and ordering Apple to pay more than 14 billion euros in back taxes. She warned in May she was “definitely not done yet” with big tech as she weighs potential new probes into Amazon, Google and Apple.

The EU’s current Qualcomm investigation targets 3G chips for internet mobile dongles sold between 2009 and 2011. Regulators allege these were sold below cost in order to push Icera, now owned by Nvidia, out of the market. The timing of the penalty could slip beyond the EU’s August summer break, one of the people said.

Last year Qualcomm was handed the EU’s fifth-largest antitrust penalty over payments to Apple that the EU said were an illegal ploy to ensure only its chips were used in iPhones and iPads. Qualcomm is challenging the fine at the EU courts.

More from category

Amsterdam Hits Pause on Data-Center Boom

Amsterdam Hits Pause on Data-Center Boom

21 Jul 2019 comment

Amsterdam reckons it has more data centers than any other major city in the world, and that’s turned out to be too much of a good thing, according to Bloomberg.

Disneyland Is Tracking Guests and Generating Big Profits Doing It

Disneyland Is Tracking Guests and Generating Big Profits Doing It

21 Jul 2019 comment

With the recent opening of the Star Wars: Galaxy’s Edge theme park at California’s Disneyland, the company continues to boost its $20 billion resorts business, according to Bloomberg.

Microsoft Data Shows Hackers Are Still Targeting U.S. Elections

Microsoft Data Shows Hackers Are Still Targeting U.S. Elections

20 Jul 2019 comment

State-backed hackers have attempted to infiltrate targets related to U.S. elections more than 700 times in the past year, according to Bloomberg, citing a Microsoft blog post.