EU Antitrust Regulators Fine Qualcomm $1.2 Billion Over Apple Deal

The antitrust fine has hit Qualcomm badly. The European Commission has levied a fine of €997 Million, approximately $1.2 Billion, against U.S. chipmaker Qualcomm Inc. for violating antitrust laws in a series of deals with Apple by "abusing its market dominance in LTE baseband chipsets." According to the European Union (EU), Qualcomm paid Apple billions of dollars to make the iPhone-maker

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