EU fines Qualcomm $272 million for selling chips below cost and driving rival out of the market

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The European Commission has ruled out that Qualcomm sold 3G chips at predatory prices between 2009 and 2011 in an attempt to drive competing supplier Icera out of the market and has slapped a $272 million anti-trust fine.
The ruling is in regard to 3G chips that Qualcomm sold for mobile Internet dongles at the time, and with this latest fine also concludes a four-year EU investigation into Qualcomm.

“Qualcomm’s strategic behavior prevented competition and innovation in this market, and limited the choice available to consumers in a sector with a …

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