Qualcomm goes back to Europe as it seeks to overturn $258M antitrust fine
Justin Sullivan


Qualcomm (NASDAQ:QCOM) is headed back to Europe's second-highest court as the U.S. semiconductor company looks to overturn a $258.4M antitrust fine from the continent.
The fine from the European Commission was levied on the company in 2019 after it accused Qualcomm (QCOM) of selling its chips between 2009 and 2011 to curb British phone software maker Icera, which is now a part of Nvidia (NVDA).

In comments obtained by Reuters, Qualcomm (QCOM) lawyer Miguel Rato criticized the Commission and said it was not possible that the company could stifle rivals.
"What price should Qualcomm have charged for each chipset and each quarter to allow it to pass the price cost test?" Rato said.
In June 2022, Qualcomm (QCOM) successfully appealed a separate fine from Europe when the General Court, the bloc's second-highest court, annulled a finding and said there were "a number of procedural irregularities" that impacted Qualcomm's right of defense.
Qualcomm (QCOM) shares rose fractionally in premarket trading on Monday.
Earlier this month, Qualcomm (QCOM) raised its quarterly dividend by 7% to 80 cents per share.