EU court confirms Qualcomm’s antitrust fine, with minor reduction

Europe’s second-top court largely confirmed on Wednesday an EU antitrust fine imposed on US chipmaker Qualcomm, revising it down slightly to 238.7 million euros ($265.5 million) from an initial 242 million euros.

The European Commission imposed the fine in 2019, saying that Qualcomm sold its chipsets below cost between 2009 and 2011, in a practice known as predatory pricing, to thwart British phone software maker Icera, which is now part of Nvidia Corp.