Sunday 17 November 2019
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business-standard - 1 month ago

EU moves against chipmaker Broadcom in latest US tech salvo

The EU s powerful anti-trust authority on Wednesday ordered US chipmaker Broadcom to immediately halt uncompetitive sales practices, using an unprecedented weapon against US big tech. The European Commission took the extremely rare move of ordering interim changes from one of Silicon Valley s pioneer companies while the EU investigation is still under way, citing irreparable threats to competition. The move comes at a delicate time in transatlantic relations and risks raising the hackles of US President Donald Trump, who has accused the EU repeatedly of unfairly targeting US giants. It also falls two days before USD 7.5 billion worth of European goods will be slapped with US tariffs in retaliation for illegal EU subsidies to Airbus, the planemaker. EU Competition Commissioner Margrethe Vestager warned that Broadcom s behaviour is likely, in the absence of intervention, to create serious and irreversible harm to competition . We have strong indications that Broadcom, the world s ...

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