Qualcomm paying first instalment on fine in Taiwan
Qualcomm must pay the first instalment of a T£390 million (R160 million) fine levied by the Taiwan Fair Trade Commission for antitrust violations, Reuters reported. The company has to pay a total fine of T£23.4 billion (R9.6 billion), the commission said. Qualcomm will pay the fine in 60 monthly instalments.
Qualcomm reportedly had a monopoly over the chip market for several critical modem technologies used in mobile phones, and it refused to license the technology to other players, said the commission.