Qualcomm loses appeal against EU threat of daily fine

Qualcomm was charged by the European Commission for using anti-competitive methods to squeeze out British phone software maker Icera.

BRUSSELS: US chipmaker Qualcomm faces the threat of a daily fine of €580,000 (RM2.8mil) for failing to provide EU antitrust regulators with information after losing an appeal against the penalty in a European Union court on Monday.

Qualcomm, which was charged by the European Commission for using anti-competitive methods to squeeze out British phone software maker Icera, last month asked the Luxembourg-based General Court to suspend the order.