FACTBOX-European regulators vs. Silicon Valley

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In this news, we discuss the FACTBOX-European regulators vs. Silicon Valley

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EU regulators accused Amazon on Tuesday of distorting competition in online retail and opened a second investigation into its business practices, as competition chief Margrethe Vestager targets another US giant of technology. Vestager has challenged the biggest names in Silicon Valley on a series of issues and handed them record fines.

Here are some of the other antitrust and regulatory cases involving the European Union and large tech companies: GOOGLE

The European Union has been at the forefront of examining Alphabet’s antitrust issues against Google since it launched its first investigation in 2010. Google faces fines totaling more than $ 8.2 billion euros ($ 9.7 billion) linked to three separate cases in the past three years, although he is challenging the sanctions.

The EU competition chief fined Google € 2.4 billion in 2017 for favoring its own price comparison service over those of smaller European competitors. In 2018, Google was fined a record 4.34 billion euros for using its popular Android mobile operating system to block its competitors.

In 2019, EU antitrust regulators fined € 1.49 billion for blocking rival online search advertisers. APPLE

Apple is under investigation by EU antitrust regulators over its App Store and Apple Pay mobile payment system. The investigation follows Swedish music streaming service Spotify’s complaint last year that Apple was unfairly limiting its competitors to its own steam-powered music service Apple Music.

A small rival filed a similar grievance related to e-books and audiobooks in March of this year. Vestager has also placed Apple at the heart of the EU’s efforts to force US tech giants to pay more taxes. In September, Vestager appealed a court ruling dismissing its order on Apple to pay € 13 billion in Irish tax arrears, a landmark case in the European Commission’s crackdown on tax deals.

EU FACEBOOK Antitrust Regulators Investigate Facebook collects and monetizes its data, the European Commission said last December, opening a second front after an investigation into its online marketplace was launched in 2016.

BROADCOM U.S. chipmaker Broadcom agreed last month to drop exclusive deals with TV and modem makers in deal with EU antitrust regulators to end probe one year without a finding of wrongdoing, the European Commission said.

The Commission opened an investigation into the company in June last year and even threatened to issue an interim order, the first in nearly two decades, to end the practices while the investigation was ongoing. QUALCOMM

The EU is investigating whether Qualcomm has engaged in anti-competitive behavior by leveraging its 5G modem chip market position in the radio frequency chip market, the San Diego-based company said in February. Qualcomm was fined € 242 million by the European Commission in July last year for blocking a market rival a decade ago, its second European antitrust sanction.

The Commission also fined Qualcomm € 997 million in 2018 for paying iPhone Apple manufacturer to use only its chips. (1 USD = 0.8479 euros)

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