Tech

Qualcomm Loses Battle Towards EU Antitrust Regulators’ Information Demand

Qualcomm on Thursday misplaced its combat in opposition to a knowledge demand from EU antitrust regulators after Europe’s high court docket reaffirmed the regulators’ proper to see it, in a case that has already landed the corporate a EUR 242 million (roughly Rs. 2,140 crores) effective.

The ruling by the Luxembourg-based Court docket of Justice of the European Union (CJEU) will strengthen the European Fee’s hand in different antitrust investigations.

Qualcomm’s run-ins with the Fee have seen it obtain whole fines of EUR 1.2 billion (roughly Rs. 10,610 crores) in two instances within the final three years for utilizing its market energy to thwart rivals together with Intel.

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Its grievances with the EU competitors enforcer date from 2017 when it was instructed to offer extra info in a case through which it was accused of predatory pricing between 2009 and 2011 to squash British telephone software program maker Icera, subsequently purchased by Nvidia.

Qualcomm stated the request exceeded the investigation’s scope. It took its case to the Common Court docket, Europe’s second-highest, however misplaced its problem in 2019. It then appealed to the CJEU.

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The Court docket backed the EU antitrust watchdog.

“Having regard to the broad powers of investigation conferred on the Fee by Regulation No 1/2003, it’s for the Fee to determine whether or not a selected merchandise of knowledge is important to allow it to deliver to mild an infringement of the competitors guidelines,” judges stated.

Qualcomm is the topic of a 3rd case through which EU enforcers are investigating whether or not it engaged in anti-competitive behaviour by leveraging its market place in 5G modem chips within the radio frequency chip market.

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The case is C-466/19 P Qualcomm and Qualcomm Europe v Fee.

© Thomson Reuters 2021


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Shreya Sharma

Hey this is Shreya From ShoppersVila News. I'm a content creator belongs from Ranchi, India. For more info contact me [email protected]

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