qualcomm slapped with record antitrust fine in taiwan
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Qualcomm slapped with record antitrust fine in Taiwan

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleQualcomm slapped with record antitrust fine in Taiwan

Qualcomm’s illegal actions have seriously affected the (market) competition
Taipei - Muslimchronicle

Taiwanese authorities have imposed a record fine of nearly $800 million (SR3 billion) on Qualcomm for antitrust violations in the latest of a string of setbacks for the US computer chip giant.
Taiwan’s Fair Trade Commission slapped Qualcomm with a fine of Tw$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 late Wednesday.
According to the commission, Qualcomm had violated fair trade rules for at least seven years by refusing to offer licenses that are essential for manufacturing chipsets to rival manufacturers and had imposed unfair contracts on smartphone makers.
Qualcomm earned more than $13.33 billion in royalty fees and $30 billion in baseband chip sales to local companies during that period, it added.
The world’s biggest handset chip supplier said Thursday it would appeal the fine.
“Qualcomm disagrees with the decision ... and intends to seek to stay any required behavioral measures and appeal the decision to the Taiwanese courts,” the company said in a statement.
Last year, Qualcomm was hit with a record fine exceeding $850 million by South Korea’s antitrust watchdog for abusing its dominant market position as a maker of baseband chipsets used in mobile phones.
It was also fined nearly $1 billion by Chinese antitrust authorities in 2015 for violation of competition rules.
In the US, Qualcomm is locked in contentious patent battles with fellow tech giant Apple, which filed a lawsuit in January accusing the chipmaker of abusing its market power to demand unfair royalties.
Apple has also joined efforts in other countries where Qualcomm faces probes from antitrust authorities.
Qualcomm in turn has sued Apple for allegedly using the chipmaker’s technology without paying for it.

Source:Arabnews

 

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

qualcomm slapped with record antitrust fine in taiwan qualcomm slapped with record antitrust fine in taiwan

 



Themuslimchronicle, themuslimchronicle

GMT 12:04 2017 Wednesday ,27 September

Thomas Cook sees tourists return to Turkey and Egypt

GMT 20:15 2017 Friday ,17 March

Attack On Aid Convoy in South Sudan Kills Two

GMT 17:32 2017 Friday ,15 September

At least 33 dead in Nigeria boat capsize

GMT 17:23 2013 Friday ,24 May

Woolwich: Terrorism or political murder?

GMT 17:52 2017 Tuesday ,18 April

Meningitis kills 10 more people in NW Nigeria

GMT 18:08 2017 Tuesday ,17 October

Norway solar firm signs 2.5 bn-euro deal with Iran

GMT 07:43 2018 Monday ,22 January

Macron boosts Merkel ahead of key coalition vote

GMT 05:32 2016 Monday ,18 April

Australian dollar falls amid oil talk breakdown

GMT 04:45 2016 Thursday ,15 December

UAE Ambassador and Chilean Energy Minister discuss

GMT 15:34 2011 Saturday ,19 November

Williams to resume sibling rivalry in exhibition

GMT 13:03 2017 Tuesday ,14 March

Snoop Dogg shoots at Trump in new video

GMT 09:37 2016 Monday ,19 September

Southeast Asian haze crisis killed over 100,000

GMT 08:27 2015 Monday ,19 October

Patriots down Colts in 'Deflategate' rematch

GMT 16:36 2017 Tuesday ,12 September

Quarter of houses in Florida Keys destroyed

GMT 21:22 2016 Thursday ,23 June

Poll: Israelis even on Clinton vs. Trump
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle