Qualcomm was fined €242m by EU competition regulators for deliberately pricing some chips so low they could eliminate a smaller rival.

Qualcomm has announced 5G networking chips for a range of applications beyond smartphones, aiming to bolster a business that has lost Apple as a major customer and faces unprecedented levels of competition.

The European Union has slapped a €1 billion fine on US chipmaker Qualcomm for abusing its market dominance in the lucrative smartphone and tablet components sector.

Apple and its Asian contract manufacturers are hitting back at Qualcomm with legal claims that try to undermine the chipmaker’s attempt to force them to pay licensing fees.

When people or companies say a fight that spills into court “isn’t about the money,” you know that means it’s entirely about the money. Lawsuits are motivated by self-interest.