Qualcomm Will Pay $800 Million Anti-Trust Fine in Taiwan via Installments
A legal boxing with long-time ally Apple, an anti-trust probe by the European Marriage, and a multi-meg fine in Taiwan for curbing competition past using its monopoly – 2017 has been a rough year for Qualcomm. The showtime of 2018 was as well cursed with some other major penalty from the EU, but some respite seems to be coming as the Taiwanese Fair Trade Commission (FTC) has agreed to the chipmaker'south plea of submitting the fine in installments.
Qualcomm, which has to pay NTD 23.4 billion (USD 803 million) as an anti-trust fine, volition pay dorsum the amount in form of lx monthly installments over the adjacent v years. The beginning installment of NTD 390 million is due by the stop of this calendar month. Back in October last twelvemonth, Taiwan'south FTC had penalized Qualcomm for misusing its domination in the SoC market from 2005 to 2015.
The FTC questioned Qualcomm's business model and alleged that it close out competition by paying big amounts to companies similar Apple to ensure that no other chipmaker is able to find buyers for their chipsets. Unfortunately, information technology got caught upward in a series of bilateral legal burn with Apple and demanded a ban on iPhones in China. Further, the FTC argued that Qualcomm refused to license key technologies similar wireless modems to maintain its exclusivity.
This activeness raised eyebrows of competition regulators and fair merchandise advocated beyond the globe and Qualcomm has been subject field to penalties of $975 million in Red china and $854 million in South Korea since 2015. Only final calendar week, the European Union also condemned this monopolizing act and levied a fine of 997 million Euros ($1.2 billion) which is approximately equal to v pct of Qualcomm's revenue in 2017.
Following this relief from Taiwanese trade regulator, the chipmaker has reopened its talks with the government over the deployment of 5G in Taiwan. Qualcomm was earlier engaged in R&D for 5G with the state-owned Industrial Engineering Research Establish (ITRI) in Taiwan simply halted discussions after being fined in the country. Meanwhile, in order to stave off a takeover bid past American semiconductor visitor Broadcom, Qualcomm is planning to acquire Dutch chipset visitor NXP Semiconductors.
Source: https://beebom.com/qualcomm-800-million-anti-trust-fine-taiwan/
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