The EU is not alone in questioning Broadcom’s trade practices: the U.S. Federal Trade Commission is also scrutinizing its business practices.
The European Commission is scrutinizing Broadcom Inc’s trade practices over the possible usage of its market dominance to pressure customers to purchase its semiconductors.
According to a report from Bloomberg, which cites people familiar with the matter at hand as saying, the European Commission is holding a preliminary inquiry into Broadcom’s sales of chips in set-top boxes.
Incidentally, the U.S. Federal Trade Commission is also scrutinizing Broadcom’s trade practices.
Broadcom did not immediately respond to a Reuters request for comment.
Incidentally, Broadcom’s $117 billion bid to acquire Qualcomm Inc was blocked by the Trump Administration citing national security concerns; in a tit for tat fashion Qualcomm failed to secure approval from Chinese regulators in its $44 billion deal to acquire NXP Semiconductors NV.