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EU to hit Broadcom with interim order this month - source

EU to hit Broadcom with interim order this month - source
FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake -
Mike Blake(Reuters)
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BRUSSELS (Reuters) – EU antitrust regulators will this month order U.S. chipmaker Broadcom <AVGO.O> to scrap its exclusivity clauses with TV and modem makers while they investigate whether this and other tactics hamper rivals, a person familiar with the matter said on Friday.

The European Commission will brief national competition agencies on Oct. 7 on its proposed interim measure before taking a formal decision and informing the company.

The EU competition enforcer opened an investigation in June and also sent a charge sheet to the company detailing why the interim measure may be necessary to avoid irreparable harm to the market.

(Reporting by Foo Yun Chee; editing by Philip Blenkinsop)

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