Broadcom Poised to Settle EU Antitrust Probe Into Chip Sales
- EU set to end probe after chip company made commitments
- Pact, expected to be announced shortly, lifts threat of fines
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Broadcom Inc. is nearing a settlement that could end a European Union probe into contracts compelling set-top box makers to use its chips, according to a person familiar with the matter.
The deal with the EU removes a threat of potential fines and is based on Broadcom’s five-year offer to change contracts with customers, said the person, who asked not to be named because the process isn’t public. The EU is set to accept the U.S. chipmaker’s pledge within weeks, formalizing an offer made in April with only minor changes, the person said.