EU court rejects $1 bln EU antitrust fine against Qualcomm

Europe's second top court on Wednesday scrapped a 997-million-euro ($1.05 billion) EU antitrust fine imposed on U.S. chipmaker Qualcomm four years ago for paying Apple to use only its chips and blocking out rivals such as Intel Corp.

Europe's second top court on Wednesday scrapped a 997-million-euro ($1.05 billion) EU antitrust fine imposed on U.S. chipmaker Qualcomm four years ago for paying Apple to use only its chips and blocking out rivals such as Intel Corp. The General Court said there was a number of procedural irregularities which affected Qualcomm's rights of defence and invalidated the European Commission's analysis of the conduct alleged against the company.

The European Commission said the anti-competitive practice took place from 2011 to 2016. The case is T-235/18.

($1 = 0.9532 euros)