Qualcomm loses fight versus EU antitrust regulators’ info desire

By Foo Yun Chee BRUSSELS (Reuters) – Qualcomm on Thursday dropped its struggle from a…

By Foo Yun Chee

BRUSSELS (Reuters) – Qualcomm on Thursday dropped its struggle from a info desire from EU antitrust regulators just after Europe’s top court reaffirmed the regulators’ proper to see it, in a scenario that has currently landed the organization a 242-million-euro ($292.60 million) great.

The ruling by the Luxembourg-centered Court of Justice of the European Union (CJEU) will strengthen the European Commission’s hand in other antitrust investigations.

Qualcomm’s run-ins with the Commission have found it acquire overall fines of 1.2 billion euros in two conditions in the past 3 years for making use of its current market ability to thwart rivals which include Intel.

Its grievances with the EU competition enforcer day from 2017 when it was advised to offer a lot more details in a scenario in which it was accused of predatory pricing among 2009 and 2011 to squash British cellular phone software program maker Icera, subsequently bought by Nvidia Corp.

Qualcomm mentioned the request exceeded the investigation’s scope. It took its circumstance to the General Courtroom, Europe’s second-maximum, but shed its obstacle in 2019. It then appealed to the CJEU.

The Courtroom backed the EU antitrust watchdog.

“Possessing regard to the broad powers of investigation conferred on the Fee by Regulation No 1/2003, it is for the Fee to determine whether a certain item of facts is needed to allow it to provide to gentle an infringement of the level of competition guidelines,” judges claimed.

Qualcomm is the topic of a 3rd scenario in which EU enforcers are investigating no matter if it engaged in anti-aggressive conduct by leveraging its market situation in 5G modem chips in the radio frequency chip marketplace.

The situation is C-466/19 P Qualcomm and Qualcomm Europe v Fee.

($1 = .8271 euros)

(Reporting by Foo Yun Chee modifying by Barbara Lewis)