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October 11, 2017This post was originally published on this site
HONG KONG (Reuters) – The Taiwan Fair Trade Commission said on Wednesday it will fine U.S. chipmaker Qualcomm Inc (QCOM.O) T$23.4 billion ($774.14 million) for anti-trust violations of its chip technology.
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.
Reporting by Meg Shen in Hong Kong and Lee Chyen Yee in Singapore, editing by Louise Heavens