Regulators just hammered a key iPhone supplier for bribing Apple

Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work.

The European Union's regulator has ordered Qualcomm to pay a fine of 997.4 million euros ($1.24 billion) for paying Apple to keep using its chips in its iPhone smartphones. 

The U.S. semiconductor giant essentially showered Apple with money, starting in 2011 and ending in 2016, to keep the company from using a competitor's LTE baseband chip in its phones. This meant that Intel and other companies who tried to bid for Apple's business in this area were essentially shut off from doing so. Read more...

More about Apple, Intel, Eu, European Union, and Fine

http://ift.tt/2DyozfY from Tech http://ift.tt/2n6XryH
via IFTTT