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Qualcomm Fined $774 Million In Taiwan Anti-Trust Probe

12 October 2017

Wednesday, Qualcomm issued a statement saying it disagrees with the TFTC's decision about their business practices being in violation of Taiwan's competition law and would appeal it.

Qualcomm Inc. was fined a record $773 million by Taiwan's Fair Trade Commission in the latest blow from regulators over the way the United States company prices mobile phone chips and patents.

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The financial penalty will be the heaviest ever handed out to a single company by the Taiwanese antitrust regulator since its establishment in 1991. "It abused its advantage in mobile communication standards, refused to license necessary patents.".

It'll take weeks before the court issues a final word on the matter, and according to Qualcomm, the fine that it's charged with has "no rational relationship to the amount of Qualcomm's revenues or activities in Taiwan".

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Qualcomm Inc faces an antitrust fine in Taiwan, the latest in a years-long streak of regulatory setbacks to its business model that comes as it also fights USA regulators and iPhone maker Apple Inc in court over numerous same legal issues. The commission said Qualcomm's move undermined innovations in the industry. They further said that during those seven years, it sold chips worth of around $30 billion to local companies and collected about $13 billion in licensing fees from them.

The FTC said that in 15 days after Qualcomm receives a formal legal document on the punishment from the commission, the firm should pay the fine if it does not appeal the decision in a court here.

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Besides the fine, the Fair Trade Commission also told Qualcomm to withdraw previously signed deals that forces competitors to provide price, customer names, shipment, model name and other such information.

Qualcomm Fined $774 Million In Taiwan Anti-Trust Probe