Info-tech

Qualcomm fined $774 m by Taiwan

PTI Taipei | Updated on January 08, 2018

Taiwanese authorities have imposed a record fine of nearly $800 million on Qualcomm for anti-trust violations in the latest of a string of setbacks for the US computer chip giant.

Taiwan’s Fair Trade Commission slapped the company with a fine of TWD 23.4 billion ($774 million) for harming market competition and manipulating prices following an investigation launched in 2015.

“Qualcomm’s illegal actions have seriously affected the (market) competition... to ensure, maintain or enhance its dominance in the market,” the commission said in a statement.

Published on October 12, 2017

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