EU fines Qualcomm $1.2 billion

EU antitrust regulators have fined US chip giant Qualcomm more than 1.2 billion dollars.
Officials say the company bribed Apple to use its products exclusively.

The regulators determined Qualcomm employed its market dominance to block competition.

The European Commission says Qualcomm paid Apple billions of dollars to not use LTE baseband chipsets from rival manufacturers.

Such chipsets are vital components for smartphones and tablets. Qualcomm’s devices had a global share of more than 90% at the time. The EU says the practice continued for more than 5 years from 2011.

Chinese and South Korean authorities imposed heavy fines on the firm for charging unfairly high patent

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