Taiwan: FTC fines Qualcomm more than $700 million

The Taiwan Fair Trade Commission said on Wednesday, October 11, it will fine US chipmaker Qualcomm T$23.4 billion (US$774.14 million) for antitrust violations of its chip technology.

The Commission said in a Chinese-language statement that Qualcomm had a monopoly over the CDMA and WCDMA chip markets and refused to license its technology to other industry players.

“Qualcomm holds [a] 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 Commission said. “It abused its advantage in mobile communication standards, refused to license necessary patents.”

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.

Full Content: Bloomberg

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