Qualcomm Hit With $1.23 Billion EU Fine for Apple Payments


Qualcomm was slapped with a $1.23 billion antitrust fine by the European Union for illegal payments it made to Apple for exclusively using its chips in smartphones and other products.

U.S. chipmaker Qualcomm was hit with a 997 million euro ($1.23 billion) fine by EU antitrust regulators on Wednesday for paying Apple to only use its chips, blocking out rivals such as Intel.

Source: Reuters

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