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Qualcomm Is Slapped With $1.23 Billion EU Fine for Illegal Payments to Apple

January 24, 2018 2:47 PM
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EU says Qualcomm abused its dominant position by paying billions of dollars to Apple for chip exclusivity

The European Union again flexed its legal muscle against a U.S. tech giant by slapping Qualcomm Inc. with a €997 million ($1.23 billion) antitrust fine on Wednesday for illegal payments it made to Apple Inc. for exclusively using its chips in smartphones and other products.

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