Taiwan Fair Trade Commission fines Qualcomm

The Taiwan Fair Trade Commission said on Wednesday that it will fine US chipmaker Qualcomm $774.14 million for anti-trust violations of its chip technology.

The Commission said in a Chinese-language statement that Qualcomm had a monopoly over the Code Division Multiple Access, Wideband Code Division Multiple Access and Long-term evolution chip market and refused to license its technology to other industry players.

Qualcomm is required to submit a progress report on the matter every six months to the Commission on negotiations with related parties over the issue.