Taiwan Fair Trade Commission asks Qualcomm to pay over $700 mn as fine

US firm asked to pay fine for anti-trust violations of its chip technology

Qualcomm
A Qualcomm sign is pictured at one of its many campus buildings in San Diego, California, US. (Photo: Reuters)
Reuters Hong Kong
Last Updated : Oct 12 2017 | 12:31 AM IST

The Taiwan Fair Trade Commission said on Wednesday that it will fine US chipmaker Qualcomm $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 Code Division Multiple Access, Wideband Code Division Multiple Access and
 
Long-term evolution chip market and refused to license 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.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 12 2017 | 12:31 AM IST

Next Story