October 25, 2018 / 12:03 AM / 21 days ago

Broadcom facing EU antitrust scrutiny over market dominance - Bloomberg

FILE PHOTO - Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, California May 12, 2016. REUTERS/Mike Blake

(Reuters) - Broadcom Inc (AVGO.O) is facing antitrust scrutiny from the European Union over the possible use of its market dominance to pressure customers to buy its semiconductors, Bloomberg reported on Wednesday.

The preliminary inquiry by the EU focuses on Broadcom's sales of chips in set-top box hardware used by the cable and satellite industry, Bloomberg reported bloom.bg/2PrUSqp, citing people familiar with the matter and a questionnaire issued by the European Commission.

Broadcom’s practices are also being examined by the U.S. Federal Trade Commission, the report added, citing one of the people.

Broadcom did not immediately respond to a Reuters request for comment.

European antitrust regulators in July fined Alphabet Inc’s (GOOGL.O) Google a record 4.34 billion euro ($4.95 billion) and ordered it to stop using its popular Android mobile operating system to block rivals.

Broadcom’s $117 billion bid to acquire Qualcomm Inc (QCOM.O) was blocked by the U.S. government over national security concerns, while Qualcomm had to walk away from a $44 billion deal to buy NXP Semiconductors NV (NXPI.O) after failing to secure Chinese regulatory approval.

($1 = 0.8775 euros)

Reporting by Shubham Kalia in Bengaluru; Editing by Peter Cooney

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