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EU fines Qualcomm €997m

The EU's Competition Commission fined U.S.-based chipmaker Qualcomm €997m for restricting competition in the market.

The European commission accused Qualcomm of paying billions of dollars to the main client, Apple Inc., so that the company not to buy microchips for its devices from competitors.

The penalty was another problem for Qualcomm, which is trying to resist the attempt to take over from rival Broadcom and is actively suing Apple on the issue of paying licenses for the use of patents.

Apple accuses Qualcomm of monopolizing the market and overstating the amount of royalties for using the technologies that it developed, which underlie modern communication systems.

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