image credit: Chris Hsia / Flickr

European antitrust regulators settle with Broadcom a year after ‘interim measures’ flex

October 7, 2020

A European antitrust probe of chipmaker Broadcom has been settled at an impressive clip, a little over a year after formally kicking off.

The Commission announced today it has accepted commitments from the U.S. chipmaker to suspend all existing agreements containing exclusivity or quasi-exclusivity arrangements and/or leveraging provisions concerning Systems-on-a-Chip (SoCs) for TV set-top boxes and Internet modems.

Broadcom has also committed not to enter into new agreements comprising such terms for a period of seven years. While it has 30 days to scrub any offending contract clauses and comply with the legally binding agreement.

Read More on Tech Crunch