Qualcomm Fined Record $773 Million in Taiwan Antitrust Probe

Posted by Megalith 1:30 PM (CDT)

Thursday October 12, 2017

Qualcomm was fined a record NT$23.4 billion ($773 million) by Taiwan’s Fair Trade Commission in the latest blow from regulators over the way the US company prices mobile phone chips and patents: according to the regulator, the company has been violating antitrust rules for at least 7 years, collecting NT$400 billion in licensing fees from local companies during that time. Qualcomm disagrees with the decision and intends to appeal.

The Taiwanese regulator said Qualcomm has monopoly market status over key mobile phone standards and by not providing products to clients who don’t agree with its conditions, the U.S. company is violating local laws. It said Taiwanese companies had purchased $30 billion worth of Qualcomm baseband chips. "Qualcomm holds 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 FTC said. "It abused its advantage in mobile communication standards, refused to license necessary patents."