Published: Thu, October 12, 2017
Economy | By Annette Adams

Qualcomm appealing TFTC's decision in $773 million United States dollars fine

Qualcomm appealing TFTC's decision in $773 million United States dollars fine

Qualcomm Inc., a USA -based smartphone chip designer, said Thursday that it will appeal a decision handed down by Taiwan's Fair Trade Commission (FTC) to slap a more-than NT$23 billion (US$760 million) fine for violation of the country's antitrust regulations.

Similarly Qualcomm's $975 million fine from China looks puny set against Qualcomm's $11 billion annual revenues from China. The San Diego-based company didn't immediately respond to a request for comment.

The FTC announced a day earlier that it has made a decision to impose a fine of NT$23.4 billion on Qualcomm, accusing the USA tech giant of violating the country's Taiwan Fair Trade Act by taking advantage of its monopoly status.

Qualcomm said it intends to seek to stay any required behavioral measures and appeal the decision to the Taiwanese courts after receiving the TFTC's formal decision, which is expected sometime in the next several weeks. "It abused its advantage in mobile communication standards, refused to license necessary patents.". The commission said Qualcomm's move undermined innovations in the industry.

Bloomberg reports today that "The Taiwanese regulator said Qualcomm has monopoly market status over key mobile phone standards and by not providing products to clients who don't agree with its conditions, the U.S. Company is violating local laws". Taiwan is only the latest country to go after Qualcomm over its expensive and onerous licensing terms: China and South Korea have both fined the company in the past two years, and Apple is now engaged in a series of global lawsuits against Qualcomm over numerous same practices.

Qualcomm disagrees with the ruling and says that it plans to appeal both the ruling and the fine.

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