EU Initiates Two Antitrust Investigations Against Qualcomm
The European Commission has opened two separate investigations into Qualcomm's business practices to determine if the chipmaker is violating antitrust regulations. The first investigation is targeting Qualcomm's alleged offer of financial incentives to companies that ordered chips only from Qualcomm. The second investigation is looking into Qualcomm's pricing, wherein the company severely undercuts competitors to force them out of the market. "We are launching these investigations because we want to be sure that high-tech suppliers can compete on the merits of their products," said European Competition Commissioner Margrethe Vestager. "Many customers use electronic devices, such as a mobile phone or a tablet, and we want to ensure that they ultimately get value for money." Qualcomm said it was disappointed to learn of the investigations, but said it is cooperating with the European Commission fully. Earlier this year, Qualcomm agreed to pay a $975 million fine to China and change its licensing fees to end a similar investigation. Qualcomm makes processors and modems for mobile phones and other devices.
Qualcomm Runs Afoul of EU Antitrust Monitors
Antitrust regulators from the European Union have filed two complaints against Qualcomm, alleging the chip-provider used its might to smite competitors. The first complaint suggests Qualcomm paid an unnamed customer to use its chips exclusively.
Korea Blasts Qualcomm with $865M Fine
Qualcomm this week refuted accusations made by the Korea Fair Trade Commission that it has violated Korean antitrust laws. The KFTC says Qualcomm has abused its dominant position in the market with unfair and unnecessarily broad licensing practices for wireless technology and modems.
Qualcomm Settles with SEC Over China Incentives
Qualcomm today agreed to pay the SEC a fine of $7.5 million to settle an investigation being conducted over potential Foreign Corrupt Practices Act (FCPA) violations. The SEC alleges that Qualcomm improperly gave state representatives of China financial benefits including travel, jobs, gifts, and event tickets.
FTC Accuses Qualcomm of Anticompetitive Behavior
The U.S. Federal Trade Commission today filed a complaint against Qualcomm, alleging the chip-maker uses its market position to monopolize the sale of cell phone baseband processors.
Xiaomi Licenses Qualcomm's 3G/4G Tech
Qualcomm today said it signed a patent licensing agreement with Xiaomi, which will use Qualcomm's 3G and 4G wireless technology in future mobile devices. Qualcomm said it has agreed to royalties that are inline with the terms set by China's National Reform and Development Commission.