Qualcomm takes a $773 million hit in its fight against Apple

Reuters

Reuters

Earlier this year, the U.S. Federal Trade Commission sued Qualcomm, charging the company with using anticompetitive tactics to maintain a monopoly over chips for mobile technologies including CDMA, WCDMA and LTE.

Regulators in Taiwan have levied a fine of roughly $774 billion against Qualcomm for anti-competitive behavior, becoming the latest in a string of jurisdictions to find fault with the mobile chip giant's business practices.

It'll take weeks before the court issues a final word on the matter, and according to Qualcomm, the fine that it's charged with has "no rational relationship to the amount of Qualcomm's revenues or activities in Taiwan".

The financial penalty will be the heaviest ever handed out to a single company by the Taiwanese antitrust regulator since its establishment in 1991.

In December, South Korea imposed a fine of US$854 million on Qualcomm for violating its competition laws after another fine of US$975 million was slapped by China for a similar case in 2015.

Qualcomm was fined $23.4 billion by TFTC-approximately $773 million in USA money-following an investigation that began in February 2015.

The Taiwanese regular further stated that "Qualcomm holds big number of standard essential patents in CDMA, WCDMA and LTE segments and is the dominant provider of CDMA, WCDMA and LTE baseband chips".

The company has been violating antitrust rules for at least seven years, collecting licensing fees from local companies during that time, the Taiwanese regulator said in a statement on its website Wednesday.

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

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