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Qualcomm Fined $773 Million for Antitrust Violations in Taiwan

Qualcomm Fined $773 Million for Antitrust Violations in Taiwan

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Qualcomm has been fined a record $773 million by Taiwan's Fair Trade Commission for antitrust violations. The commission determined that Qualcomm has been violating antitrust rules for at least seven years and collected NT$400 billion in licensing fees from local companies during that time.

The regulator said Qualcomm had monopoly market status over key mobile phone standards and by not providing products to clients that don't agree with its conditions, they were violating local laws.

“Qualcomm holds big number of standard essential patents in CDMA, WCDMA and LTE segments and is the dominant provider of CDMA, WCDMA and LTE baseband chips,” the FTC said. “It abused its advantage in mobile communication standards, refused to license necessary patents.”

The company is also being investigated by regulators around the world including South Korea, China, Japan, the EU, and elsewhere for similar violations.

In addition to the fine, the FTC told Qualcomm to remove previously signed deals forcing competitors to provide price, customer names, shipment, model name, and other information to the company.

Back in January, Apple sued Qualcomm for allegedly withholding $1 billion in rebates because it complied with Korean regulators investigating Qualcomm. It has since expanded that lawsuit on the heels of a Supreme Court ruling last month, arguing that the license agreements that give Qualcomm a cut of every iPhone manufactured are invalid.

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Qualcomm Fined $773 Million for Antitrust Violations in Taiwan

4 leaf clover - October 13, 2017 at 5:55am
The whole thing is joke. They let them do business and use their technology , solely on the basis they will sue them THEM. They need the technology so they allow its use , and most likely planned on suing them anyways . Not smart enough to figure that out..
D4xM4Nx - October 11, 2017 at 3:47pm
This might be an escalation of efforts to bring them down rather than hitting their riches. Even Rome fell, Qualcomm better be ready for a bumpy road ahead.
Me - October 11, 2017 at 3:34pm
Collected $440 billion fine with $773 million? That's a pocket change for this immense company
Steve Nojobs & Tim Crook - October 11, 2017 at 7:01pm
Thats $440 billon NT Taiwan dollars dude lol