Broadcom is apparently going to end the exclusivity deals that it had offered to TV and modem makers for seven years in a deal with EU antitrust regulators. This move arrives after a year long investigation by the European Commission that hasn’t found any wrongdoing on Broadcom’s part.

For those unaware, the European Commission started an investigation against the US based chipmaker in June 2019, and had even threatened to issue an interim order, the first in two decades, to stop such practices during the course of the investigation. Broadcom is a known supplier of Apple and even makes chips for smartphones, computers, and even networking equipment as well.

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According to the EU competition regulator, “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.” 

As per the Reuters report, the company will not offer price or non price incentives to TV and modem makers to buy a minimum number of its products in Europe. Furthermore, these purchases will also not be related to the sales of other products either. Similarly, Broadcom will also pledge not to offer price or non price incentives to TV and modem makers to buy more than 50 percent of its products or have its sales related to any other products for more than 50 percent of its products globally, excluding China.

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