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Oct 11, 2017 08:24 PM IST | Source: Reuters

Taiwan Fair Trade Commission fines Qualcomm more than $700 million

Qualcomm is required to submit a progress report on the matter every six months to the Commission on negotiations with related parties over the issue.

Taiwan Fair Trade Commission fines Qualcomm more than $700 million

The Taiwan Fair Trade Commission said on Wednesday it will fine US chipmaker Qualcomm Inc T$23.4 billion (USD 774.14 million) for anti-trust violations of its chip technology.

The Commission said in a Chinese-language statement that Qualcomm had a monopoly over the CDMA, WCDMA and LTE chip market and refused to licence its technology to other industry players.

Qualcomm is required to submit a progress report on the matter every six months to the Commission on negotiations with related parties over the issue.

 
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