Tech giant Qualcomm fined £872m over illegal Apple payments

Tech giant Qualcomm fined £872m over illegal Apple payments

Smartphone chip producer Qualcomm has been fined £872m (€997m) for paying Apple to show down presents from rivals.

The high-quality, which represents nearly 5% of the expertise firm’s income during the last 12 months, was introduced by European Union competitors commissioner Margrethe Vestager on Wednesday.

She stated the corporate’s cope with Apple in 2011 noticed it promise to pay billions of US dollors on the situation the iPhone maker solely used parts that it manufactured, somewhat than these developed by others.

“This meant that no rival may successfully problem Qualcomm on this market, regardless of how good their merchandise had been,” Ms Vestager stated.

There was no proof of Apple bearing any duty for the deal, she advised reporters in Brussels.

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Apple was solely in a position to make use of Intel chips after its Qualcomm deal expired

Apple needed to maneuver from Qualcomm chips to these manufactured by Intel, however it might have price a lot cash that it couldn’t achieve this till the Qualcomm deal expired in 2016, Ms Vestager stated.

“The end result is that rivals are prevented from difficult dominant corporations with extra progressive merchandise,” she stated.

Qualcomm’s high-quality comes because it makes an attempt to flip down a takeover by rival firm Broadcom, valued at $105bn, and is combating Apple in courtrooms world wide on patent licensing points.

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