Qualcomm wins fight against $1 bln EU antitrust fine

U.S. chipmaker Qualcomm has won its fight against a 997 million euro ($1.05 billion) fine imposed by EU antitrust regulators.

The fine was imposed four years ago.

Qualcomm’s victory’s represents a major setback to EU antitrust chief Margrethe Vestager’s crackdown on Big Tech.

In 2018, the European Commission in said Qualcomm paid billions of dollars to Apple from 2011 to 2016 to use only its chips in all its iPhones and iPads in order to block out rivals such as Intel Corp.

The General Court, Europe’s second-highest, annulled the EU finding and faulted the EU competition enforcer over the handling of the case.

The EU competition enforcer can appeal on matters of law to the EU Court of Justice (CJEU), Europe’s highest court.

The Commission said it would carefully study the judgement and its implications and consider its next steps.