Qualcomm Faces EU Antitrust Investigations Into Chip Pricing
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EU Competition Commissioner Margrethe Vestager added Qualcomm Inc. to her growing list of fights with U.S. technology companies, saying the chipmaker may be abusing its market power to undercut competitors.
Qualcomm, the maker of chips that power most of the world’s smartphones, may have deployed predatory pricing practices for certain chipsets and offered unfair rebates to customers in a bid to thwart competitors, the European Commission said Thursday as it started two probes into the company.