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EU Antitrust Regulators Fine Qualcomm $1.2 Billion Over Apple Deal

The European Commission has levied a fine of 997 million, approximately $1.2 billion, against U.S. chipmaker Qualcomm. The fine represents 4.9 percent of the company’s turnover in 2017, according to the EU’s antitrust commission. Qualcomm paid Apple billions of dollars to make the iPhone-maker exclusively use its 4G chips in all its iPhones and iPads. The company still uses Qualcomm components in its iPhone 7 and 7 Plus devices, but it began using Intel LTE modems after the agreement ended.

Source: https://thehackernews.com/2018/01/antitrust-apple-qualcomm.html

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