US chipmaker Broadcom will scrap its exclusivity offers with TV and modem makers in a take care of EU antitrust regulators geared toward ending a year-long investigation with no discovering of wrongdoing, the European Commission stated on Wednesday.
The European Commission launched an investigation into the corporate in June final 12 months and even threatened to challenge an interim order, its first in virtually twenty years, to cease such practices whereas the probe was ongoing.
“Broadcom will suspend all existing agreements containing exclusivity or quasi-exclusivity arrangements and/or leveraging provisions concerning Systems-on-a-Chip (SoCs) for TV set-top boxes and Internet modems, and has committed not to enter into new agreements comprising such terms,” the EU competitors regulator stated in a press release.
In Europe, Broadcom won’t provide value or non-price incentives to TV and modem makers to purchase a minimal variety of its merchandise nor tie such purchases to gross sales of different merchandise.
On a worldwide degree excluding China, it additionally pledged to not provide value or non-price incentives to TV and modem makers to purchase greater than 50 % of its merchandise nor tie such purchases to gross sales of different merchandise for greater than 50 % of their merchandise.
The concessions are legitimate for seven years.
© Thomson Reuters 2020
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