European regulators hit Qualcomm with $1.2-billion fine over payments to Apple - News Summed Up

European regulators hit Qualcomm with $1.2-billion fine over payments to Apple


"Qualcomm paid billions of U.S. dollars to a key customer, Apple, so that it would not buy from rivals," European Union Commissioner Margrethe Vestager said in a statement. "These payments were not just reductions in price — they were made on the condition that Apple would exclusively use Qualcomm's baseband chipsets in all its iPhones and iPads."


Source: Los Angeles Times January 25, 2018 00:29 UTC



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