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ibusinesslines.com June 20, 2018


Qualcomm Fined Record $773M For Antitrust Breach

12 October 2017, 06:08 | Kelvin Horton

Qualcomm Fined Record $773M For Antitrust Breach

Qualcomm Fined Record $773M For Antitrust Breach

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.

Earlier this year, the U.S. Federal Trade Commission sued Qualcomm, charging the company with using anticompetitive tactics to maintain a monopoly over chips for mobile technologies including CDMA, WCDMA and LTE.

Qualcomm is also being investigated by other regulators for similar violations globally, including South Korea, China, Japan, the EU.

Qualcomm was fined $23.4 billion by TFTC-approximately $773 million in US money-following an investigation that began in February 2015.


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.



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