Taiwan's Fair Trade Commission fines Qualcomm $774 million
by from Techreport on (#34WHZ)
Taiwan's Fair Trade Commission announced yesterday that it suspects Qualcomm to be guilty of unfair business practices. The commission says that the California-based chipmaker forced licensees of its modems and platforms to agree to expensive licensing deals and reject competitors' offers. The decision comes along with a hefty fine to the tune of $23.4 billion New Taiwan dollars, or around $774 million USD.
Qualcomm naturally denies the allegations and intends to contest the decision. The company announced that it "intends to seek to stay any required behaviorial measures" and that it will appeal the decision in the Taiwanese courts. Qualcomm says that ...