Qualcomm Fined $1.2 Billion as Apple Loyalty Comes at a Price
- EU says paying Apple for exclusivity shut out Intel chips
- Qualcomm strongly disagrees and will fight fine at EU court
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Qualcomm Inc. spent billions of dollars buying Apple Inc.’s loyalty.
It must now shell out 997 million euros ($1.2 billion) in fines after the European Union’s antitrust arm said the payments were an illegal ploy to ensure only its chips were used in iPhones and iPads.