Broadcom to end exclusivity deals for seven years in EU antitrust deal
By Foo Yun Chee
BRUSSELS (Reuters) – U.S. chipmaker Broadcom will scrap its exclusivity deals with TV and modem makers in a deal with EU antitrust regulators geared towards ending a year-long investigation with out a discovering of wrongdoing, the European Commission said on Wednesday.
The European Commission launched an investigation into the company in June ultimate yr and even threatened to concern an interim order, its first in nearly 20 years, to stop such practices whereas the probe was ongoing.
Broadcom, which makes chips to power smartphones, pc programs and networking gear and is a big supplier to Apple, subsequently supplied to end its exclusivity deals.
“Broadcom will droop all present agreements containing exclusivity or quasi-exclusivity preparations and/or leveraging provisions concerning Systems-on-a-Chip (SoCs) for TV set-top bins and Internet modems, and has devoted not to …