The European Union is investigating Broadcom for anti-competitive practices
The European Commission has opened an antitrust investigation into Broadcom, one of the leading chip manufacturers, over concerns that the company has enforced exclusivity agreements that leverage its dominance in the market to block out competitors.
The commission is particularly focused on Broadcom chipsets for modems and TV set-top boxes, and it intends to impose an interim ban on the alleged exclusivity measures “to avoid any risk of serious and irreparable harm to competition,” says Margrethe Vestager, the commission’s competition policy leader.
Broadcom is also under investigation by the US Federal Trade Commission over similar concerns. Bloomberg reported last month that the FTC was...