Qualcomm faces $773-million antitrust fine

Qualcomm is facing a $773-million fine from the Taiwan Fair Trade Commission for abusing its dominance in the mobile chipset market.

Qualcomm’s technologies are dominant in the market.

The company released a statement confirming the fine, saying it relates to business practices in violation of Taiwanese competition law.

Qualcomm disagrees with the fine and will appeal it – which is expected to take place in the coming weeks.

Qualcomm is also facing a $1-billion lawsuit from Apple, which is accusing it of overcharging for chips and failing to pay $1 billion in rebates.

The FTC has also accused Qualcomm of excessive royalties for technologies that are “essential to industry standards”.

Qualcomm also faces an $854-million fine in South Korea, and a $975-million fine in China.

Now read: Qualcomm trying to kill competition with its monopoly: Intel

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Qualcomm faces $773-million antitrust fine