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Qualcomm settles antitrust dispute with Taiwan regulators for $89 million

Reuters/Taipei 10 Aug 18 | 08:46 AM

FILE PHOTO: Qualcomm's logo is seen at its booth at the Global Mobile Internet Conference in Beijing | Photo: Reuters

Mobile chipmaker Qualcomm Inc is settling an antitrust case brought against it by Taiwan regulators by paying T$2.73 billion ($89 million), the island's Fair Trade Commission said on Friday.

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The commission said Qualcomm also agreed to bargain in good faith with other chip and phone makers in patent-licensing deals. In 2017, the commission fined Qualcomm $778 million for refusing to sell chips to mobile handset makers that wouldn't agree to its patent-licensing terms and for cutting iPhone maker Apple Inc a royalty discount in exchange for the exclusive use of Qualcomm's modem chips in the past.

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