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