Qualcomm, the U.S based chip-maker is in a deep trouble. The fine imposed by EU anti-trust regulators to stay, as the company loses an appeal against the above said penalty.
The legal Battle between EU regulatory commission and Qualcomm came to an end in a verdict held at European Court on Monday. Qualcomm failed to provide necessary documents demanded by the commission.
Earlier, the penalty was imposed by European commission onto Qualcomm for using unfair, monopolistic practices to suppress its rival Icera – A British semiconductor company.
Case History
- On Dec 8, 2015 EU anti-trust commission charged $660,000-a-day fine to Qualcomm.
- The commission alleges, the company for using unfair, monopolistic practices to counter its British rival, Icera.
- Qualcomm filed an appeal against the penalty in the Court.
- Qualcomm unable to submit the required files. Court President Marc Jaeger dismissed the appeal in a July 12 ruling.
- Ultimately, Qualcomm losing the case.
According to its court filing. Qualcomm said the request involved an extensive amount of work and incurred financial costs estimated to be no less than three million euros ($3.45 million).
The appeal all the way gone futile. As the court found no viability for the reason put forth by the company in its inability of presenting the documents.
Legal battles are now becoming more common in the tech world. Companies alleging each other always include enormous amount of wealth in danger. Patent cases, copyright infringement being some of the forms. (Still, there is a long way to go until the MNC’s corporate with each other, keeping the greed for wealth and profit aside for the better technological development).