The European Commission imposed a fine of €242 million on the US company Qualcomm on Thursday 18 July for abuse of a dominant position on the 3G baseband chipsets market, as the company applied predatory pricing from 2009 to 2011.
"Our investigation found that Qualcommblocked competition by applying predatory prices to protect its dominance", said Margrethe Vestager, Commissioner for Competition Policy, at a press conference. "EU competition rules do not prevent dominant companies from...