Qualcomm has now lost an appeal in an EU court which will now force the company to hand information to anti-trust regulators or face a €580,000 per day fine. This comes after the company failed to prove that they would be harmed financially by handing over the required information.
This is not the first time that Qualcomm has been investigated over anti-competitive practices, both inside and outside of the EU, having been found guilty of monopolising the industry in China and South Korea as well as using anti-competitive practices to shut down their competition. Right now the EU is also investigating claims that Qualcomm made illegal payments to a major customer to exclusively use their chipsets, with Apple also suing the company who say that Qualcomm's licensing terms with are unfair.
Now Qualcomm must provide EU regulators with more information, which could prove damning for the company in the future, though the punishment for not giving this information is also severe, costing the company over half a million Euros for every day that they delay.
Good.
As almost a sole provider of specific hardware because of patents, they pretty much became a huge monopoly.
This put them in a too big position to manipulate the market and kill or promote companies.
its good that they are getting it for patent blocking but at the same time they deserve their patents for innovating and i believe companies should not be penalised for monopoly due to incompetency of others.
there is not many chip manufacturers left, samsung being their major competitor and what is left is a bunch of chinese ones
Wait... why would they be harmed financially ever? If they are making this information public, sure that has consequences, but handing it over to the anti-trust regulators is completely different. Perhaps if the anti-trust regulators leaked information, sure ... but seriously... how could handing over that information cause harm to them?
Wait... why would they be harmed financially ever? If they are making this information public, sure that has consequences, but handing it over to the anti-trust regulators is completely different. Perhaps if the anti-trust regulators leaked information, sure ... but seriously... how could handing over that information cause harm to them?
Yes, but less. Much like you also give a small sum to AMD when buying Intel chips and vice-versa.
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