European Union fines chipmaker Qualcomm $271 million

European Union has fined US based chipmaker Qualcomm $271 million, accusing it of “predatory pricing” to drive a competitor out of the market.

Baseband chipsets are key components of mobile devices which enables it to connect to the internet. Qualcomm sold these products at a price below cost to key customers with the intention of eliminating a competitor.

Source: The Live Mint

Find More International News Here

हिंदी में पढ़े