U.S. Markets closed

Qualcomm Invests in Taiwan to Settle Antitrust Violation

Paige Tanner
Qualcomm Invests in Taiwan to Settle Antitrust Violation

In October 2017, the TFTC (Taiwan Fair Trade Commission) fined Qualcomm (QCOM) $774 million for antitrust violations. The Taiwan (EWT) FTC stated that Qualcomm did not license its modem technology to other industry players. Qualcomm appealed the fine’s amount and the calculation method, as it did not justify the revenue it had earned from Taiwan.