EU Opens Second Anti-monopoly Penalty to Gaotong

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      QCOM. O, the world's largest chip maker, was fined 242 million euros ($272 million) on Thursday for forcing competitors out at low prices about 10 years ago, the second EU anti-monopoly ticket it received.
The European Commission accused Qualcomm of making predatory pricing between 2009 and 2011 in an attempt to squeeze Icera, the UK mobile phone software maker, out of the market. Icera currently belongs to NVDA.O.
"Qualcomm's strategic actions hinder market competition and innovation," European Union Competition Commission Vistag said in a statement.
Last year, the European Commission imposed a fine of 977 million euros ($1.1 billion) on Qualcomm to become Apple's sole chip supplier by paying Apple (AAPL.O), a move intended to deter rivals such as Intel (INTC.O).


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