The European Commission fines Qualcomm €997 million for exclusivity rebates

The European Commission has fined Qualcomm €997m for abusing its market dominance in LTE baseband chipsets. According to the Commission, its exclusivity rebates with Apple illegally shut out rivals from the 4G baseband chipsets market. Baseband chipsets are used in smartphones and tablets to connect them to mobile networks for voice and data transmission. LTE…