Exclusive-EU will not appeal court ruling against $991 million Qualcomm fine – sources

0


BRUSSELS (JP) – EU antitrust regulators will not appeal a ruling by Europe’s second top court scrapping its 997-million-euro ($991 million) fine against U.S. chipmaker Qualcomm, people familiar with the matter said.

The Luxembourg-based General Court in its June judgment faulted the European Commission on its procedural irregularities affecting Qualcomm’s rights of defence, inflicting a major setback to EU antitrust chief Margrethe Vestager’s crackdown on Big Tech.

($1 = 1.0064 euros)

(Reporting by Foo Yun Chee)





Source link
Las Vegas News Magazine

Leave A Reply

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More