Qualcomm fined $773mn in Taiwan

Qualcomm Inc was fined a record NT$23.4bn (US$773mn) by Taiwan’s Fair Trade Commission in the latest blow from regulators over the way the US company prices mobile phone chips and patents.

The company has been violating antitrust rules for at least seven years and Qualcomm collected NT$400bn in licensing fees from local companies during that time, the Taiwanese regulator said in a statement on its website on Wednesday.