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Qualcomm sign Credit: photobyphm/Shutterstock.com

Qualcomm was fined €242 million ($272 million) on Thursday by European Union antitrust regulators, for predatory pricing in the chipset market. The European Commission found that the company sold its products below cost in order to drive a competitor out of the market.

The ruling marks the second time European regulators have fined Qualcomm. Last year, the company was ordered to pay €997 million ($1.1 billion) for paying Apple to use only its chips in iPhones – a tactic aimed at thwarting rivals.

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Simon Taylor

Simon Taylor is Brussels correspondent for Law.com International. He covers EU regulatory affairs and news about law firms in Brussels and other major cities in continental Europe. He can be reached at [email protected] and is on Twitter @simontaylor71

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