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.

Source: NYTimes.com

Date: Jan 23, 2018

Link: https://www.nytimes.com/2018/01/24/business/eu-qualcomm-fine-antitrust.html?rref=collection%2Fsectioncollection%2Fbusiness&action=click&contentCollection=business&region=rank&module=package&version=highlights&contentPlacement=1&pgtype=sectionfront

Questions for discussion:

• What is the basis for the fine?
• How will this decision affect the future earnings of the firm, in your opinion?