Icera

Qualcomm expressed dissatisfaction with the European Commission’s (EC) handling of a pricing probe involving former rival Icera, after receiving an additional statement of objection from the regulator.

Qualcomm is facing daily fines of €580,000 after failing to block a European Union (EU) order that requires the chip giant to provide internal information relating to an antitrust probe.

Nvidia wants damages from Qualcomm related to the market leader’s alleged behaviour in the mobile chip market, according to a Bloomberg report.

The European Commission (EC) said US chipmaker Qualcomm illegally paid a major customer to exclusively use its chipsets and sold its products below cost.

Nvidia said it is facing restructuring charges of $100 million to $125 million following its decision to wind-down Icera, its modem business, if it is unable to sell the unit.

Qualcomm may be on the receiving end of an EU investigation stemming from a four-year-old complaint from a rival, Reuters reported.

Ambitious chipmaker Nvidia announced a deal to acquire Icera, which was described as “a leading innovator of top-performing baseband processors for 3G and 4G cellular phones and tablets.”