Qualcomm Fined Record $773M For Antitrust Breach
Notable American chip manufacturer, Qualcomm, has been hit with a record US$773 million fine for violating Taiwanese antitrust rules.
Taiwanese regulators state Qualcomm has been breaching antitrust rules for at least seven years.
Regulators allege during this time the company sold US$30 billion worth of chips to local Taiwanese companies and received NT$400 billion in licensing fees.
Taiwan’s Fair Trade Commission (FTC) affirms that Qualcomm holds a monopoly over key mobile phone standards, and in not providing its products to clients who disagree with its conditions, the company breaches local laws.
Taiwan’s FTC states of the penalty:
“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”
“It abused its advantage in mobile communication standards, refused to license necessary patents”.
Qualcomm is also being investigated by other regulators for similar violations globally, including South Korea, China, Japan, the EU.
In addition to the fine, Taiwan’s FTC has requested Qualcomm redacts previously signed deals which forced competitors to provide price, model name, customer names, shipment, plus other information to the company.