LUXEMBOURG: US chipmaker Qualcomm on Wednesday (Jun 15) won its fight against a 997 million euro (US$1.05 billion) fine imposed by EU antitrust regulators four years ago, dealing a major setback to EU antitrust chief Margrethe Vestager\u0027s crackdown on Big Tech. The European Commission in its 2018 decis
LUXEMBOURG: US chipmaker Qualcomm on Wednesday won its fight against a 997 million euro fine imposed by EU antitrust regulators four years ago, dealing a major setback to EU antitrust chief Margrethe Vestager's crackdown on Big Tech.
Qualcomm's fine is one of several imposed by Vestager on companies ranging from Alphabet unit Google to banks and truck makers over anti-competitive practices. Apple, Amazon and Facebook are being investigated. "A number of procedural irregularities affected Qualcomm's rights of defence and invalidate the Commission's analysis of the conduct alleged against Qualcomm," judges said.
The EU competition enforcer can appeal on matters of law to the EU Court of Justice , Europe's highest court.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google, Facebook, Twitter to tackle deepfakes or risk EU fines: DocumentBRUSSELS: Alphabet unit Google, Facebook, Twitter and other tech companies will have to take measures to counter deepfakes and fake accounts on their platforms or risk hefty fines under an updated European Union code of practice, according to an EU document seen by Reuters. The European Commission is expec
Read more »
Exclusive-Google, Facebook, Twitter to tackle deepfakes or risk EU fines - documentBRUSSELS :Alphabet Inc unit Google, Facebook Inc, Twitter Inc and other tech companies will have to take measures to counter deepfakes and fake accounts on their platforms or risk hefty fines under an updated European Union code of practice, according to an EU document seen by Reuters.The European Commission
Read more »
Britain to defy EU with 'relatively trivial' Northern Ireland law
Read more »
Google, Facebook, Twitter will have to tackle deepfakes or risk EU fines: ReportBRUSSELS: Alphabet unit Google, Facebook, Twitter and other tech companies will have to take measures to counter deepfakes and fake accounts on their platforms or risk hefty fines, people familiar with the matter said on Monday (Jun 13). The measure is part of the European Commission\u0027s updated code of prac
Read more »
Exclusive-Google offers to let ad rivals place YouTube ads in EU antitrust probe - sourcesBRUSSELS : Google parent Alphabet has offered to let rival ad intermediaries place advertisements on YouTube to address a crucial part of an EU antitrust investigation, people familiar with the matter said.The European Commission opened a probe last year to examine whether the world's largest provider of
Read more »
Divisive 'green' gas investment rules face EU lawmaker vote
Read more »