Qualcomm lost its bid on Wednesday to get a European Union antitrust penalty thrown out after a top court largely rebuffed the technology company's arguments in the case involving cellphone chipsets.

Will have to find a to 238.7 million euros A top EU court has ruled that Qualcomm was guilty of playing monopoly in Europe and will pay a 238.7 million euro penalty. The case is the end of the road for Qualcomm which has been appealing against the ruling since 2019.

Alphabet unit Google won a legal challenge on Wednesday against a 1.49 billion euro ($1.7 billion) European Union antitrust fine, while Qualcomm failed to repeal a penalty.