Description: European antitrust officials hammered Qualcomm with a $1.2 billion fine on Wednesday, saying the American chip maker, whose technology underpins much of the world’s mobile phone industry, had abused its dominant market position to squeeze out competitors.
Date: Jan 23, 2018
Questions for discussion:
- What is the basis for the fine?
- How will this decision affect the future earnings of the firm, in your opinion?