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EU hits Broadcom with antitrust probe

Credit: Reuters Studio
Published on June 26, 2019 - Duration: 00:59s

EU hits Broadcom with antitrust probe

Chipmaker Broadcom is the latest U.S. tech firm to face a probe by EU regulators, and that's unlikely to go down well with Donald Trump.

Julian Satterthwaite reports.

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EU hits Broadcom with antitrust probe

Broadcom is the latest U.S. tech firm to face a European antitrust probe.

Regulators on Wednesday (June 26) hit the chipmaker with a so-called interim order.

It requires Broadcom to scrap exclusive deals with TV and modem-makers.

Brussels wants to investigate whether the firm's dominance of that market is hurting consumers.

Broadcom has two weeks to make a formal response.

It says the EU's concerns are 'without merit'.

But the threat has teeth.

Google and chipmaker Qualcomm among U.S. tech firms hit with big European fines in recent years.

Now the case is likely to attract attention in the White House.

On Wednesday Donald Trump told Fox the EU should stop fining U.S. firms. He said European Competition Commissioner Margrethe Vestager hated America worse than anyone he'd met.

Scant consolation for Google though.

Trump went on to suggest the U.S. might just fine them instead.

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