Euro watchdogs 'abandon $1b fine' against Qualcomm
The European Commission has reportedly called it quits in its bid to fine Qualcomm for alleged anti-competitive payments to Apple.
Reuters reports antitrust regulators have signaled they will not appeal a June court ruling nixing a nearly $1 billion fine against the US system-on-chip designer, which was accused of breaking Europe's competition laws.regulators have determined it would be too difficult to convince Europe’s top court to overturn the earlier decision to cancel the fine.'s request for comment. However, the deadline to appeal the court’s ruling has not yet expired.against a $1.
However, in a ruling handed down by the EU General Court late this spring, it determined that regulators had infringed on Qualcomm’s rights of defense. The court also found that the payments made by Qualcomm to Apple were insufficient to determine whether they were anti-competitive.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple event: what to expect on September 7th, from iPhone 14 to Apple Watch Series 8The wait is almost over.
Read more »
The best Apple devices of the decade – vote nowVote for your best Apple devices in the Creative Bloq Awards.
Read more »
Meet Marisa Hordern, the woman behind cult jewellery brand MissomaMarisa Hordern first launched Missoma from her kitchen table; now, the A-list-approved jewellery brand is loved by the most stylish women in fashion. Stylist discovers how she made it happen.
Read more »
Former government adviser calls for overhaul of UK utilities regulators\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »