BR100 Decreased By (-0.9%)
BR30 Decreased By (-1.15%)
KSE100 Decreased By (-0.79%)
KSE30 Decreased By (-0.9%)
AGHA 7.70 Decreased By ▼ -0.11 (-1.41%)
BECO 5.17 Decreased By ▼ -0.04 (-0.77%)
BML 57.01 Decreased By ▼ -0.49 (-0.85%)
BOP 33.90 Decreased By ▼ -0.13 (-0.38%)
CNERGY 9.98 Increased By ▲ 0.02 (0.2%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 53.15 Decreased By ▼ -1.55 (-2.83%)
FFL 16.55 Decreased By ▼ -0.14 (-0.84%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.29 Decreased By ▼ -0.11 (-1.49%)
KOSM 5.80 Increased By ▲ 0.03 (0.52%)
LOTCHEM 29.12 Decreased By ▼ -0.20 (-0.68%)
MLCF 92.28 Decreased By ▼ -2.08 (-2.2%)
NBP 201.70 Decreased By ▼ -1.35 (-0.66%)
NCPL 56.80 Decreased By ▼ -0.20 (-0.35%)
NPL 66.99 Decreased By ▼ -0.71 (-1.05%)
OGDC 314.03 Decreased By ▼ -1.81 (-0.57%)
PACE 10.53 Decreased By ▼ -0.11 (-1.03%)
PAEL 42.00 Decreased By ▼ -1.20 (-2.78%)
PIBTL 16.54 Decreased By ▼ -0.20 (-1.19%)
PPL 215.91 Decreased By ▼ -3.87 (-1.76%)
PRL 51.15 Increased By ▲ 1.96 (3.98%)
PTC 69.87 Decreased By ▼ -0.66 (-0.94%)
SSGC 27.00 Decreased By ▼ -1.25 (-4.42%)
TBL 9.74 Decreased By ▼ -0.12 (-1.22%)
TELE 8.62 Decreased By ▼ -0.17 (-1.93%)
TPL 18.46 Increased By ▲ 0.22 (1.21%)
TPLP 13.60 Increased By ▲ 0.33 (2.49%)
TREET 22.41 Decreased By ▼ -0.31 (-1.36%)
TRG 59.30 Decreased By ▼ -0.84 (-1.4%)
By

BRUSSELS: EU antitrust regulators will not appeal a court ruling scrapping its 997-million-euro ($991 million) fine against US chipmaker Qualcomm because it would be difficult to convince Europe’s top court of the merits, people familiar with the matter said.

The Luxembourg-based General Court, Europe’s second-highest, in its June judgment was scathing of the European Commission’s handling of the case, saying procedural irregularities had affected Qualcomm’s rights of defence.

Judges also invalidated the Commission’s analysis that payments made by Qualcomm to Apple were anti-competitive because the regulator had not taken into account all the relevant facts.

The judgment was a major setback for EU antitrust chief Margrethe Vestager who has handed out billion-euro fines to Alphabet unit Google and opened investigations into Amazon, Apple and Meta as part of her crackdown on Big Tech.

The European Commission, which can appeal to the EU Court of Justice (CJEU) on points of law, declined to comment.

The EU competition enforcer in its 2018 decision 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.

Vestager faces her next test on Sept. 14 when the General Court will rule on Google’s challenge against a record 4.34-billion-euro antitrust fine imposed for using its Android mobile operating system to squeeze out rivals.

Comments

Comments are closed for this article.