EU Expected to Impose Multi-Million Euro Fine on Qualcomm

EU antitrust regulators are expected to impose a multi-million euro fine on Qualcomm Inc on Wednesday for paying Apple Inc to use only its chips, according to a person familiar with the matter. The European Commission in 2015 accused the company of the anti-competitive behavior. The fine could in theory go as high as 10 percent of Qualcomm’s annual revenue, which was $22.2 billion for its most recent fiscal year.

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