BRUSSELS: U.S. chipmaker Broadcom has been ordered to halt exclusivity deals with six TV and modem makers for up to three years while EU antitrust enforcers investigate whether these agreements are aimed at thwarting rivals.
"It doesn't necessarily say that now we have all cases lined up where interim measures will be used but it means that the tool is on the table," Vestager told a news conference. "We do not believe that these provisions have a meaningful effect on whether the customers choose to purchase Broadcom products," the company said, adding that the order would not have a material impact on its set-top box and modem businesses.
The Commission said Broadcom has 30 days to comply with the order, which is valid for up to three years, an estimate of how long the EU investigation will take.The EU regulator said certain provisions in the deals with six of its major customers are likely to cause serious and irreparable harm to the competition as well as affect future tenders related to the introduction of WiFi 6 standard for modems and TV set-top boxes.
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