Qualcomm to Appeal Taiwan Fair Trade Commission's Decision in Investigation

Taiwan's FTC Hits Qualcomm with a Record $773 Million Fine for Abusing their Monopoly Power

San Diego-based Qualcomm was fined $773 million by regulators Wednesday in Taiwan for violations of antitrust rules over a seven-year period. Qualcomm didn't respond to a request for comment from FierceWireless and did not immediately issue a statement on the matter.

"Qualcomm disagrees with the decision summarized in the TFTC's press release and intends to seek to stay any required behavioral measures and appeal the decision to the Taiwanese courts after receiving the TFTC's formal decision, which is expected in the next several weeks".

The FTC launched an antitrust investigation into alleged Qualcomm violations in February 2015, and after two years of the probe, the commission found the US firm to be involved in direct or indirect behavior to prevent other smartphone designers from competing in the Taiwan market for seven years at least.

The Taiwan Fair Trade Commission recently ruled in favor of the $773 million United States dollars fine against Qualcomm, but the company plans on appealing the court's final word. "It abused its advantage in mobile communication standards, refused to license necessary patents.".

Bloomberg reports today that "The Taiwanese regulator said Qualcomm has monopoly market status over key mobile phone standards and by not providing products to clients who don't agree with its conditions, the U.S. Company is violating local laws".

The commission said Qualcomm will be able to choose to pay the fine in 60 installments over the next five years.

Qualcomm has attracted scrutiny from regulators around the world, with it practices probed in South Korea, China, Japan, the European Union, and elsewhere.

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