Qualcomm fined $774 million for abusing monopoly on smartphone modems in Taiwan

Share

Today we learn that Taiwan's FTC has now slammed Qualcomm with yet another record fine of $773 million for violating antitrust rules for at least the last 7 years.

Wednesday, Qualcomm issued a statement saying it disagrees with the TFTC's decision about their business practices being in violation of Taiwan's competition law and would appeal it.

Similarly Qualcomm's $975 million fine from China looks puny set against Qualcomm's $11 billion annual revenues from China. In late December 2016, the regulator announced a $854 million fine against Qualcomm, the largest ever in the country/ In March 2017, South Korea also discovered that Qualcomm stopped Samsung from selling their chips to other handset makers.

The FTC announced a day earlier that it has chose to impose a fine of NT$23.4 billion on Qualcomm, accusing the US tech giant of violating the country's Taiwan Fair Trade Act by taking advantage of its monopoly status.

Andrew Wiggins Signs Extension With Timberwolves, Reportedly For Five-Years, $148 Million
A first overall draft pick in 2014, Wiggins lived up to the hype right away, winning Rookie of the Year in 2015. In the same statement , Wiggins called himself "very excited" to continue his career with the Wolves.

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.

The regulator said Qualcomm abused its position by not providing products to clients who don't agree with its conditions.

During the seven-year period, the FTC said, Qualcomm collected about NT$400 billion in licensing fees in Taiwan after licensing agreements were signed, while Taiwanese buyers paid about an additional NT$30 billion to buy the USA firm's baseband chips.

Share