Qualcomm—EU upheld €238.7M fine for predatory pricing to eliminate competitor Icera
In September 2024, the EU General Court upheld a €238.7 million ($265.5M) fine against Qualcomm for predatory pricing below cost during 2009-2011. Qualcomm sold UMTS chipsets to Huawei and ZTE below cost to eliminate UK competitor Icera (later acquired by Nvidia). The court found Qualcomm abused its dominant position through pricing strategy designed to exclude competitors.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Antitrust & Competition | -against | primary | -1.00 |
| Corporate Governance | -against | secondary | -0.50 |
| Overall incident score = | -0.166 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.59)× agency (compelled ×0.25)
Evidence (1 signal)
EU General Court confirmed predatory pricing abuse finding
Clifford Chance reported that on September 18, 2024, the EU General Court upheld the European Commission's finding that Qualcomm engaged in predatory pricing abuse of dominance during 2009-2011, reducing fine slightly to €238.7 million.