News: EU Qualcomm Antitrust Probe $QCOM

The European Commission has opened two investigations into possible abuse of market dominance by chipmaker Qualcomm Inc, it said on Thursday, the latest in a string of antitrust and tax inquiries into major U.S. corporations.

The first investigation will examine whether Qualcomm, the market leader in chips used for voice and data transmission in smartphones, tablets and other mobile devices, offered financial incentives to customers on condition that they bought exclusively or almost exclusively from Qualcomm.

The second will look at whether Qualcomm engaged in “predatory pricing” by charging at less than cost with a view to forcing competitors out of the market.

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