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EU fines Qualcomm €242 mil for 'predatory' pricing

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Qualcomm’s pricing tactics was with the intent of eliminating their competitor at the time Icera. FMTNews Qualcomm

A Qualcomm sign seen during the China International Import Expo, at the National Exhibition and Convention Center in Shanghai, China Nov 6, 2018.

“Our investigation found that Qualcomm abused” its market “dominance between mid-2009 and mid-2011 by engaging in predatory pricing,” an EU statement said. The EU said that Qualcomm sold the chipsets to Chinese giants Huawei and ZTE, strategic customers, “with the intention of eliminating Icera, its main rival at the time”.

The EU fine “is unsupported by the law, economic principles or market facts, and we look forward to a reversal on appeal,” said Don Rosenberg, general counsel of Qualcomm. Qualcomm meanwhile in April buried the hatchet with Apple after two years of legal battles over royalties.

 

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