Qualcomm faces $774 million antitrust fine in Taiwan

Qualcomm to be fined NT$23.4 billion in Taiwan for antitrust violations

Taiwan's FTC Hits Qualcomm with a Record $773 Million Fine for Abusing their Monopoly Power

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.

Last December, Korean regulators fined Qualcomm $854 million for violating its competition laws, a ruling that followed an $975 million fine from Chinese regulators in 2015. The commission determined that Qualcomm has been violating antitrust rules for at least seven years and collected NT$400 billion in licensing fees from local companies during that time.

Taiwan is the latest country to slap an antitrust fine on Qualcomm, the world's largest provider of chips for phones and other mobile devices.

According to multiple reports, the Taiwanese FTC accused Qualcomm of abusing a monopoly it holds over mobile phone standards for wireless data connectivity and refused to license necessary patents to clients who don't agree to the company's conditions.

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

The Taiwan Fair Trade Commission said on Wednesday it would fine Qualcomm T$23.4 billion ($774.14 million) for anti-trust violations of its chip technology.

Why are Apple's chips faster than Qualcomm's?

The company is also being investigated by regulators around the world including South Korea, China, Japan, the European Union, and elsewhere for similar violations. The company is engaged in a fierce battle with Apple Inc. that has seen the iPhone maker cut off billions of dollars in payments to Qualcomm.

Latest News