Qualcomm Fined Record $773 Million in Taiwan Antitrust Probe
- Chipmaker’s violations span at least 7 years, regulator says
- U.S. company plans to seek a stay, appeal decision and fine
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Qualcomm Inc. was fined a record NT$23.4 billion ($773 million) by Taiwan’s Fair Trade Commission in the latest blow from regulators over the way the U.S. company prices mobile phone chips and patents.
The company has been violating antitrust rules for at least 7 years and Qualcomm collected NT$400 billion in licensing fees from local companies during that time, the Taiwanese regulator said on its website Wednesday. Qualcomm disagrees with the decision and intends to appeal, the San Diego-based company said in a statement.