Reuters reports that Qualcomm (NASDAQ:QCOM) has lost an appeal in an EU court related to a penalty the company faces for not turning over information to antitrust regulators. Regulators want to fine Qualcomm $665K per day until the company provides the information. Qualcomm was accused of squeezing out software company Icera using anti-competition methods. The company claimed regulatory requests for information “entailed enormous work and significant financial costs” but a court disagreed. Qualcomm faces another antitrust charge in the EU for illegally paying a customer for its chipset usage. Late
last month, EU investigators paused consideration of Qualcomm’s proposed NXP acquisition due to not receiving the desired information.