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Qualcomm Inc. spent billions of dollars buying Apple Inc.'s loyalty.Apple was cornered by Qualcomm with a 2011 deal that offered "significant" sums and rebates if it only bought the company's chips, the European Commission said in an emailed statement.The fine represents 4.9 percent of Qualcomm's revenue in 2017, the EU said.The EU alleges that Qualcomm aimed to hinder competitor Icera, now owned by Nvidia Inc.There are "no repercussions" for Apple for accepting the deal with Qualcomm and no evidence of wrongdoing by the Cupertino, California-based company, Vestager said.Apple and Qualcomm have been waging legal battles over the world about the fees Qualcomm charges for its chip designs. Apple says Qualcomm charges too much and is leveraging its strong market position in chips illegally.
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