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EU Launches Antitrust Probe of Broadcom

The European Union announced it has launched a formal antitrust investigation of Broadcom, alleging that the U.S. chipmaker crafted its chip purchasing agreements with companies that make TV set-top boxes and modems in a way that shuts out competitors. The news comes after reports earlier this week that the EU is preparing to hit Qualcomm—a chief Broadcom rival—with another antitrust penalty, after fining the chipmaker $1.13 billion last year for anticompetitive practices. 

This is the latest in a string of regulatory headaches for Broadcom, which is already being investigated by the U.S. Federal Trade Commission for antitrust violations. Broadcom also saw the Trump administration block its $120 billion acquisition of rival Qualcomm in March of 2018, for national security reasons.

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