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Qualcomm settles with Taiwan antitrust regulator for T$2.73 billion

2018-08-10 11:00    Investing

Qualcomm settles with Taiwan antitrust regulator for T.73 billion Technology News

© Reuters. FILE PHOTO: Visitors are seen by a booth of Qualcomm Inc at the China International Big Data Industry Expo in Guiyang

TAIPEI (Reuters) - Mobile chipmaker Qualcomm (NASDAQ:QCOM) 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.

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 (NASDAQ:AAPL) a royalty discount in exchange for the exclusive use of Qualcomm's modem chips in the past.

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