EU court largely confirms Qualcomm’s EU antitrust fine

BRUSSELS (Reuters) – Europe’s second-top court largely confirmed on Wednesday an EU antitrust fine imposed on U.S. chipmaker Qualcomm, revising it down slightly to 238.7 million euros ($265.5 million) from an initial 242 million euros.

The European Commission imposed the fine in 2019, saying that Qualcomm sold its chipsets below cost between 2009 and 2011, in a practice known as predatory pricing, to thwart British phone software maker Icera, which is now part of Nvidia Corp.

($1 = 0.8990 euros)

(Reporting by Sudip Kar-Gupta, Writing by Yun-Chee Foo, Editing by Charlotte Van Campenhout)