Qualcomm (QCOM) has secured a major win after the European Union's (EU) second-highest court rescinded a €997 million fine imposed on the company for alleged antitrust violations four years ago. The fine came amid claims that the tech giant made payments to Apple (AAPL) to be its chief supplier of chips for iOS products. General Court’s Ruling In its 2018 ruling, the European Commission (EC) alleged that Qualcomm paid billions of dollars to sway Apple to continue using its chips in iPhones and iPads. The Commission also reiterated that the payments went to block fair competition from the likes of Intel (INTC).
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