Business
22:24, 11-Oct-2017
Taiwan Fair Trade Commission fines Qualcomm more than $700 million
["china","north america"]
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The Taiwan Fair Trade Commission said on Wednesday it will fine US chipmaker Qualcomm Inc 23.4 billion new taiwan dollars (774.14 million US dollar) for anti-trust violations of its chip technology.
According to Reuters, the Commission said in a Chinese-language statement that Qualcomm had a monopoly over the CDMA, WCDMA and LTE chip market and refused to license its technology to other industry players.
Qualcomm is required to submit a progress report on the matter every six months to the Commission on negotiations with related parties over the issue.
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