EU competition regulators today slapped a €997m fine on US chipmaker Qualcomm for paying Apple so that the iPhone maker only used its chips, blocking rivals such as Intel. The European Commission said its investigation, launched in 2015, covered the period from 2011 to 2016. The Commission said the probe took into account Qualcomm"s market dominance in LTE baseband chipsets, which enable rapid 4G mobile connections. "Qualcomm paid billions of US dollars to a key customer, Apple, so that it would not buy from rivals," European Competition Commissioner Margrethe Vestager said in a statement.
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