Qualcomm disappointed with continuing EU probe into pricing case

Image
Reuters BRUSSELS
Last Updated : Jul 19 2018 | 7:15 PM IST

BRUSSELS (Reuters) - U.S. chipmaker Qualcomm on Thursday expressed disappointment with EU antitrust regulators' decision to continue an investigation in a case where it has been accused of charging below cost prices to stymy British phone software maker Icera.

"While the investigation has been narrowed, we are disappointed to see it continues and will immediately begin preparing our response to this supplementary statement of objections," Qualcomm general counsel Don Rosenberg said in a statement.

"We believe that once the Commission has reviewed our response it will find that Qualcomm's practices are pro-competitive and fully consistent with European competition rules," he said.

Earlier on Thursday, the European Commission charged the world's No. 1 chipmaker with a new violation.

(Reporting by Foo Yun Chee; editing by Robert-Jan Bartunek)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 19 2018 | 7:07 PM IST

Next Story