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

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.