Qualcomm fined $773M by Taiwanese regulators over antitrust violations

Qualcomm fined $773M by Taiwanese regulators over antitrust violations

Qualcomm Inc QCOM.O faces an antitrust fine in Taiwan, the latest in a years-long streak of regulatory setbacks to its business model that comes as it also fights USA regulators and iPhone maker Apple Inc AAPL.O in court over numerous same legal issues. That works out to around $773 million US.

Last December, Korean regulators fined Qualcomm $854 million for violating its competition laws, a ruling that followed an $975 million fine from Chinese regulators in 2015.

Besides the fine, the Fair Trade Commission told Qualcomm to remove previously signed deals that force competitors to provide price, customer names, shipment, model name and other sensitive information as well as other clauses in its agreements. The commission determined that Qualcomm has been violating antitrust rules for at least seven years and collected NT$400 billion in licensing fees from local companies during that time.

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The Taiwanese regular further stated that "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".

Right now, Qualcomm has a monopoly market status in these mobile phone standards.

Qualcomm, not surprisingly, disagrees with the decision.

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The commission said that Qualcomm's dominance in CDMA and LTE chips, as well as its major patent holdings for both technologies, let the company abuse its position and refuse to license necessary patents. The newly launched iPhone 8, iPhone 8 Plus and the iPhone X all use Apple's in-house ...

Qualcomm has been fined by regulators in several Asian countries and the European Union, and is embroiled in a legal dispute over royalties with Apple.

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