EU Court Dismisses $1 Billion EU Antitrust Fine Against Qualcomm

Europe’s second highest court dismissed a $1.05 billion EU antitrust penalty levied four years ago on U.S. chipmaker Qualcomm for paying Apple to use just its processors and excluding competitors such as Intel Corp. (NASDAQ:INTC).

Wednesday, Europe’s second highest court overturned a $1.05 billion EU antitrust punishment levied on U.S. chipmaker Qualcomm (NASDAQ:QCOM) four years ago for bribing Apple (NASDAQ:AAPL) to use only its processors and cutting out competitors such as Intel Corp. (NASDAQ:INTC).

The General Court ruled that a number of procedural flaws compromised Qualcomm’s right to a defense and invalidated the European Commission’s investigation of the company’s alleged behavior.

According to the European Commission, the anti-competitive activity occurred between 2011 and 2016.

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