Qualcomm and Taiwanese Regulators Reach Settlement 'Reversing Most' of $773M Fine

Discussion in 'iOS Blog Discussion' started by MacRumors, Aug 10, 2018 at 7:39 AM.

  1. MacRumors macrumors bot

    MacRumors

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    Nearly one year after Qualcomm received a $773 million fine by Taiwan's Fair Trade Commission regarding how the company prices smartphone chips and patents, Qualcomm this week reached a settlement agreement with the Taiwanese regulators that "reverses most" of the $773 million fine.

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    In the settlement, Qualcomm will invest $700 million over the next five years to "boost research activities in Taiwan." The company will also stop paying fines and retains the right to charge manufacturers royalties on its technology. The Taiwanese regulators will keep around $89 million in fines already paid by Qualcomm and "waive the rest."
    Despite Taiwan's Fair Trade Commission lifting the pressure off Qualcomm, the company still faces numerous lawsuits and fines, including from Apple. Qualcomm and Apple have been embroiled in an escalating legal battle since the beginning of 2017 after the FTC complained that Qualcomm engaged in anticompetitive licensing practices. Shortly after, Apple sued Qualcomm for $1 billion and accused the company of charging unfair royalties for "technologies they have nothing to do with" and failing to pay for quarterly rebates.

    Also in the United States, Qualcomm is facing an FTC lawsuit for using anticompetitive tactics to remain the dominant supplier of baseband processors for smartphones. In Europe, regulators fined Qualcomm $1.2 billion at the beginning of 2018 for paying Apple to use its LTE chips in iOS devices to further ensure Qualcomm's monopoly in the market.

    According to Bloomberg, Qualcomm CEO Steve Mollenkopf has said that the company plans to maintain its record of "prevailing in court" for all of the legal challenges it faces. For this year's iPhones, it's expected that Apple will avoid Qualcomm and "solely" use Intel's modems in the smartphones.

    Article Link: Qualcomm and Taiwanese Regulators Reach Settlement 'Reversing Most' of $773M Fine
     
  2. keysofanxiety macrumors G3

    keysofanxiety

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  3. coolfactor macrumors 68040

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    Slimy. I'm so glad Apple is parting ways with them.
     
  4. Kaibelf macrumors 68020

    Kaibelf

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    Sounds like they were given an offer they can’t refuse...
     
  5. Mike MA macrumors 68000

    Mike MA

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    At the end, it’s all about business, not law.
     
  6. Val-kyrie macrumors 68000

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    #6
    How is it more slimy than Intel paying companies to not use CPUs from AMD?

    Qualcomm and Intel deserve each other.

    Edit: Is it worse to offer a bribe (Qualcomm) or to take the bribe (Apple)?
     
  7. Bustycat macrumors member

    Bustycat

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  8. justperry macrumors G3

    justperry

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    Did you expect anything else.;)

    But to make your pain a bit less, your government isn't there only one, but others hide it better, wink at The ***
     
  9. kdarling macrumors demi-god

    kdarling

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    Apple took billions in kickbacks from Qualcomm.

    Heck, they only sued because the kickbacks were stopped.
     
  10. Relentless Power macrumors Core

    Relentless Power

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    Source? You're claiming this as fact. Where did you derive to this conclusion?
     
  11. justperry macrumors G3

    justperry

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    #11
  12. Relentless Power macrumors Core

    Relentless Power

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