ICT

EU antitrust regulators reportedly set to fine Qualcomm – CNET

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Qualcomm could be facing a huge fine from antitrust regulators in Europe.

Claudia Cruz/CNET

Antitrust regulators for the EU are expected to fine Qualcomm several million euros on Wednesday for paying Apple to use only its chips, according to The Financial Times.

The European Commission regulators have accused the chip giant of violating antitrust laws by making payments to ensure exclusivity. The company could face a fine as high as 10 percent of its annual revenue, which was $22 billion in 2017.

Qualcomm, the world’s biggest provider of mobile chips, has created some of the essential standards for connecting phones to cellular networks. It derives a significant portion of its revenue from licensing that technology to other chipmakers, but has come under scrutiny in recent years for alleged monopolistic practices.

Apple and Qualcomm have been fighting over patents since January 2017, when Apple filed suit against Qualcomm for roughly $1 billion, saying the wireless chipmaker didn’t give fair licensing terms for its technology. It wants to pay a lower amount for using Qualcomm technology in its devices.