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Qualcomm Fined Record $773M For Antitrust Breach
12 October 2017, 06:08 | Kelvin Horton
Qualcomm appealing TFTC's decision in $773 million USD fine
Qualcomm Inc., a USA -based smartphone chip designer, said Thursday that it will appeal a decision handed down by Taiwan's Fair Trade Commission (FTC) to slap a more-than NT$23 billion (US$760 million) fine for violation of the country's antitrust regulations.
In a statement, Qualcomm said it intends to appeal the decision by the Taiwan Fair Trade Commission to the island nation's courts after the agency finalizes its ruling in a few weeks.
At the heart of the TFTC finding - as with those in the other jurisdictions - is a charge that Qualcomm's standards-essential patent (SEP) licensing practices do not conform to fair, reasonable and non-discriminatory (FRAND) terms required by standards bodies.
Taiwanese regulators state Qualcomm has been breaching antitrust rules for at least seven years.
The FTC said that in 15 days after Qualcomm receives a formal legal document on the punishment from the commission, the firm should pay the fine if it does not appeal the decision in a court here.
The regulator said Qualcomm abused its position by not providing products to clients who don't agree with its conditions.
Weather looks good for Wednesday sunset SpaceX launch
The rest will keep on being propelled in 10-satellite augmentations throughout the following year, alongside one launch of five. It's the first of two launches the organization intends to endeavor this week on opposite coasts of the US.
Federal extension keeps ME licenses valid as federal ID
Only about half the states are compliant, and Pennsylvania will require more extensions to avoid residents being affected. Department of Homeland Security will follow through on promises to work with Minnesota as it implements the law.
IPhone passwords 'shockingly easy' to steal from iOS users
As Krause says, "Just ask your users politely, they'll probably just hand over their credentials, as they're trained to do so". This update: ● Fixes an issue where audio and haptic feedback would not work on some iPhone 7 and 7 Plus devices .
Deer meat sandwiches return to Arby's locations nationwide
The sandwich features a tender elk steak topped with blackberry port steak sauce and crispy onions on a toasted specialty roll. The venison sandwiches were tested previous year in five states where hunting is popular and they sold out in minutes.