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Startups & Tech

Qualcomm settles with Taiwan antitrust regulator for NT$2.73b

Published Fri, Aug 10, 2018 · 02:36 AM
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[TAIPEI] Mobile chipmaker Qualcomm Inc is settling an antitrust case brought against it by Taiwan regulators by paying NT$2.73 billion (S$121.6 million), the island's Fair Trade Commission said on Friday.

The commission said Qualcomm also agreed to bargain in good faith with other chip and phone makers in patent-licensing deals.

In 2017, the commission fined Qualcomm US$778 million for refusing to sell chips to mobile handset makers that wouldn't agree to its patent-licensing terms and for cutting iPhone maker Apple Inc a royalty discount in exchange for the exclusive use of Qualcomm's modem chips in the past.

REUTERS

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