Qualcomm

New squeeze for Facebook, Amazon

Big Tech got squeezed from both sides of the Atlantic on Wednesday.

What's happening: The EU will investigate how Amazon creates products that compete with offerings from outside merchants on its site. "Brussels is also poised to conclude a four-year probe into US chipmaker Qualcomm by fining the company for abuse of dominant position." Meanwhile, Republicans and Democrats on Capitol Hill have found common ground: Big Tech is too powerful and needs to be knocked down a peg.

FTC wins antitrust case against Qualcomm, which plans to appeal

Qualcomm's booth at Mobile World Congress
Photo: Xin Yue/Huanqiu.com/VCG via Getty Images

A federal judge has ruled that Qualcomm engaged in anticompetitive behavior and ordered the chipmaker to renegotiate its licensing deals with device makers. Qualcomm vowed to appeal the ruling.

The big picture: Qualcomm defends its "no license, no chips" business model — under which it only sells processors to companies that also take a license to its patents. But critics say the policy is unfair and that the company doesn't offer its standards-essential technology on a fair and reasonable basis.