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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.

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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