After spending the past few months aggressively trying to acquire Qualcomm, chip maker Broadcom is officially withdrawing its offer. That’s not exactly a big surprise: the announcement comes two days after the Trump administration issued an executive order that would have blocked the deal from going through. Broadcom says it’s disappointed by the order, but […]
regulation
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EU fines Qualcomm $1.2 billion for antitrust violations
The European Commission says the world’s largest supplier of LTE chipsets abused its dominant position in the marketplace to keep phone makers from using chips from rival companies. As a result, the EU has issued a €997 million ($1.23 billion) fine against Qualcomm. Qualcomm says it will appeal the decision. At issue is an agreement […]