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August 10, 2018 10:10 pm

Qualcomm Settles $773 Million Antitrust Case In Taiwan

An anonymous reader quotes a report from Bloomberg: Qualcomm, the smartphone chipmaker fighting regulatory actions and lawsuits threatening its most profitable business, has reached a settlement with Taiwan's antitrust regulators that reverses most of a $773 million fine. As part of an agreement announced Friday by the Fair Trade Commission, the company will invest $700 million over the next five years and boost research activities in Taiwan, home to a clutch of important suppliers to global names such as Apple. In return, Qualcomm can stop paying fines and retains the right to charge manufacturers royalties on its technology. The commission said Friday it will keep NT$2.73 billion ($89 million) in fines that Qualcomm's already paid but waive the rest. In an October decision, Taiwan's antitrust agency said Qualcomm had monopoly market status over key mobile phone standards and was violating local laws by not providing products to clients who didn't agree with its conditions. Besides the fine, the Fair Trade Commission told Qualcomm at the time to remove previously signed deals that forced competitors to provide price, customer names, shipment, model name and other sensitive information. Qualcomm appealed the decision. The company agreed to ensure fair negotiations with local licensees, and will support research and commercial projects in Taiwan, including collaborating on the development of fifth-generation wireless, Qualcomm said in a separate statement Friday.

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