Qualcomm, Huawei and ZTE in dispute with EU antitrust regulators | – #Qualcomm #Huawei #ZTE #dispute #antitrust #regulators
LUXEMBOURG, March 14 (Reuters) – Qualcomm ( QCOM.O ) on Tuesday Europe EU antitrust regulators face $242 million fine against Chinese phone makers Huawei and ZTE credit contract cancellation held for the purpose of making court criticized for concessions given on the second day of the meeting. EUR (259 million dollars) was fined.
USAThe US chipmaker was hit with a €997 million EU antitrust fine in another case last year. cancellation after winning the battle for
Europe Commission Qualcomm 20In 2011-09, to block British phone software maker Icera, part of Nvidia Corp (NVDA.O) 20It was fined in 2019, claiming it engaged in predatory pricing by selling its chipsets for mobile internet dongles at low prices between 09 and 2011. .
The EU’s competition watchdog said an analysis of Qualcomm’s prices showed it sold some of its chips to Huawei ( HWT.UL ) and ZTE ( 000063.SZ ) below cost, with rebates and discounts final. prices lowered.
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Qualcomm’s attorney rejected the analysis on the second day of a three-day hearing.
Athina Kontasakou told the court: “The Commission should have applied the value-for-money test over a longer, more meaningful period. If the commission had made these two simple adjustments, you would not have found any predation,” he said.
He said the Commission erred in treating annual lump-sum payments made by Qualcomm to customers as hidden rebates and concession payments.
Commission lawyer Martin Farley of Qualcomm prices defended his analysis as “basically correct and solid”.
“All the decisions the commission made using its discretion to calculate costs were made to ensure they reflected reality,” he told the judges.
Court will make a decision in the coming months. The case is T-671/19 Qualcomm v Commission.
($1 = 0.9341 euros)
Report by Foo Yun Chee; Edited by Sharon Singleton
Our standards: Thomson Reuters Trust Principles.
2023-03-15 03:31:45
Source – reuters
Translation“24 HOURS”