Broadcom: ruling from European Commission

(CercleFinance.com) - The European Commission has ordered Broadcom to cease applying certain clauses in its contracts with six of its main customers.


Broadcom is the world leader in providing chipsets for TV decoders and modems. They are essential for bringing television signals and connectivity to consumers.

This will prevent serious and irreparable harm to competition likely to be caused by Broadcom's conduct, which prima facie (at first sight) infringes EU competition rules," the commission said.

Margrethe Vestager, Commissioner in charge of competition policy, said, "We have strong indications that Broadcom, the world's leading supplier of chipsets used for TV set-top boxes and modems, is engaging in anticompetitive practices. Broadcom's behaviour is likely, in the absence of intervention, to create serious and irreversible harm to competition. We cannot let this happen, or else European customers and consumers would face higher prices and less choice and innovation."


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