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The
European Commission launched an investigation into the company
in June last year and even threatened to issue an interim order,
its first in almost two decades, to stop such practices while
the probe was ongoing.
Broadcom, which makes chips to power smartphones, computers and
networking equipment and is a major supplier to Apple,
subsequently offered to end its exclusivity deals.
"Broadcom will 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, and has committed not to enter into
new agreements comprising such terms," the EU competition
regulator said in a statement.
In Europe, Broadcom will not offer price or non-price incentives
to TV and modem makers to buy a minimum number of its products
nor tie such purchases to sales of other products.
On a worldwide level excluding China, it also pledged not to
offer price or non-price incentives to TV and modem makers to
buy more than 50% of its products nor tie such purchases to
sales of other products for more than 50% of their products.
The concessions are valid for seven years.
(Reporting by Foo Yun Chee, editing by Louise Heavens)
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