Qualcomm will appeal R10bn fine

– US smartphone chip designer Qualcomm will appeal a decision handed down by Taiwan to impose a 23.4 billion Taiwan dollar (R10.4 billion) fine for violation of the country’s antitrust regulations, staterun media reported.

Qualcomm said it disagrees with the decision of Taiwan’s Fair Trade Commission (FTC).

The US tech giant intends to seek a stay on any required measures and appeal the decision to Taiwan’s courts after receiving the FTC’s formal decision, expected in the next few weeks. – DPA

Taipei