The European Commission has been known to levy stiff penalties on some of the world’s biggest technology firms over various anticompetitive practices, with Qualcomm now being the latest. In a press release issued today, the European regulatory agency announced it was fining Qualcomm €997 million, equivalent to more than $1.2 billion in U.S.

Source: Hot Hardware – Qualcomm Hit With .2 Billion EU Fine For Abusing LTE Baseband Chip Monopoly