EU, Broadcom reach deal over anti-trust concerns

Wednesday, 07. October 2020 12:28

The European Commission and Broadcom announced on Wednesday that they reached a deal that ensures the company will suspend all of its agreements which include exclusivity or quasi-exclusivity arrangements and leveraging provisions concerning systems-on-a-chip (SoCs) for modems and television set-top boxes.

"Today's decision legally binds Broadcom to respect the commitments. They will ensure that existing chipset makers competing with Broadcom and potential new entrants will be able to compete on the merits. Producers of set-top-boxes and Internet modems, telecom and cable operators and ultimately consumers will benefit from competition between chipmakers in terms of lower prices and more innovative products," Commissioner for Competition Margrethe Vestager (pictured) said.

In 2019, the EU ordered Broadcom to stop applying the provisions that gave it a dominant position in the market until the case is fully investigated and decided on.

Related Links: Broadcom Inc.
Breaking the News / VP