Plus   Neg

EC Fines Qualcomm For Breach Of Antitrust Rules - Quick Facts

The European Commission has fined Qualcomm (QCOM) 242 million euros for predatory pricing of Baseband chipsets between mid-2009 and mid-2011. The Commission found that Qualcomm sold three of its UMTS chipsets below cost to Huawei and ZTE, to eliminate Icera, the company's main rival, from the market.

In May 2011, Icera was acquired by Nvidia, which later decided to wind down its baseband chipset business line.

Qualcomm said it plans to appeal the finding to the General Court of the European Union.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Video game retailer GameStop Corp. laid off more than 120 employees, or nearly 14 percent of the total workforce at its corporate headquarters and at some other offices, according to reports. The layoffs also include senior editorial staff at Game Informer, the company's print and digital publication. Some of the senior staff at Game Informer took to Twitter to announce about their layoffs. Uber Technologies Inc. will establish a new U.S. general and administrative hub in Dallas, which will create 3,000 new jobs and more than $75 million in capital investment, Texas Governor Gregg Abbott said. Uber will get a grant of $24 million from the Texas Enterprise Fund or TEF, a business incentive fund that is used for attracting new business to the state and to ensure their growth. SAMpark LLC recalled 185 Children's pajama sets for burn injury risk to children. The pajamas failed to meet the flammability standard for children's sleepwear that requires sleepwear to be either snug-fitting or flame resistant. However, there have been no incidents or injuries reported so far.
Follow RTT