EU will not appeal court ruling against $991 million Qualcomm fine: Sources

The Luxembourg-based General Court in its June judgment faulted the European Commission on its procedural irregularities affecting Qualcomm's rights of defence, inflicting a major setback to EU antitrust chief Margrethe Vestager's crackdown on Big Tech.

Reuters

August 29, 2022 / 14:50 IST

EU antitrust regulators will not appeal a ruling by Europe's second top court scrapping its 997-million-euro ($991 million) fine against U.S. chipmaker Qualcomm, people familiar with the matter said.

The Luxembourg-based General Court in its June judgment faulted the European Commission on its procedural irregularities affecting Qualcomm's rights of defence, inflicting a major setback to EU antitrust chief Margrethe Vestager's crackdown on Big Tech.

Reuters

first published: Aug 29, 2022 02:50 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347