EU court annuls Qualcomm’s antitrust fine in Apple payments case
EU’s second-highest court dropped the $1.04 billion (€997 million) fine that the bloc’s antitrust regulator had levied on Qualcomm Inc. (NASDAQ: QCOM) for allegedly pressuring Apple Inc. (NASDAQ: AAPL) to only buy its 4G chips
By Yashasvini Razdan
Published - Jun 15, 2022, 03:35 PM ET
Last Updated - Mar 04, 2024, 08:00 AM EST
• Procedural irregularities invalidated the EU's analysis of Qualcomm’s conduct
The EU’s second-highest court dropped the $1.04 billion (€997 million) fine that the bloc’s antitrust regulator had levied on Qualcomm Inc. (NASDAQ: QCOM) for allegedly pressuring Apple Inc. (NASDAQ: AAPL) to only buy its 4G chips.
The fine levied by the EU represented 4.9% of Qualcomm's turnover in 2017.
