US chipmaker Qualcomm has been fined $1.23bn by the European Union for paying Apple to exclusively use its chips. The EU said it was "disappointed" that Qualcomm's licensing deal with Apple, which had a value of €2.3bn, did not include an exclusivity clause preventing other manufacturers from using it. Qualcomm is to appeal against the EU decision. The EU imposed the fine, saying the Apple deal blocked out other chipmakers, such as Intel.
US chipmaker Qualcomm has been fined $1.23bn by the European Union for paying Apple to exclusively use its chips. The fine may render Qualcomm more vulnerable to Broadcom's $103bn hostile takeover bid. Qualcomm is to appeal against the EU decision. The EU imposed the fine, saying the Apple deal blocked out other chipmakers, such as Intel.