Technology Qualcomm Loses Another Battle, Fined $773 Million By Taiwan

10:07  12 october  2017
10:07  12 october  2017 Source:   Forbes

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Add another loss to Qualcomm 's ongoing list of legal spats around the world: On Wednesday, Taiwan ’s Fair Trade Commission fined the San Diego-based mobile chip giant a record $ 773 million for alleged antitrust violations over how it prices its chips and patents.

Qualcomm Inc. was fined a record NT.4 billion ($ 773 million ) by Taiwan ’s Fair Trade Commission in the latest blow from regulators over the way the U.S The company is engaged in a fierce battle with Apple Inc. that has seen the iPhone maker cut off billions of dollars in payments to Qualcomm .

  Qualcomm Loses Another Battle, Fined $773 Million By Taiwan © A U.S. penny used for scale with the Qualcomm’s Snapdragon 820 chip, left, and the 835 Snapdragon pr... Add another loss to Qualcomm’s ongoing list of legal spats around the world: On Wednesday, Taiwan’s Fair Trade Commission fined the San Diego-based mobile chip giant a record $773 million for alleged antitrust violations over how it prices its chips and patents.

In a release on the agency’s website, the Taiwanese regulator said Qualcomm has been unfairly licensing its patents and violating antitrust rules for at least 7 years.

Qualcomm is under siege from a number of regulators around the world as well as some of its biggest partners — like Apple — over its alleged monopolistic tactics. Similar to the Taiwan case, many investigations have focused on Qualcomm’s lucrative licensing business, which enables the company to collect fees on nearly every modern phone in the world. Historically, around two-thirds of the company’s profit has come from licensing its technology. In 2016, Qualcomm’s licensing business delivered around 80% of its profits.

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Qualcomm was fined a record $ 773 million by Taiwan 's Fair Trade Commission San Diego-based Qualcomm is engaged in multiple legal battles around the world. Qualcomm was fined a record $ 773 million by Taiwanese regulators for violating antitrust laws for at least the last seven years.

Qualcomm has suffered another blow in its battle with Apple after being fined a record $ 773 million by Taiwan ’s Fair Trade Commission for alleged antitrust violations over a period of at least seven years.

Qualcomm has received similar fines from China and South Korean. Last year, South Korea’s antitrust regulator fined the company $853 million. In 2015, a Chinese regulator fined it $975 million. The United State Federal Trade Commission is currently investigating the company as well.

“Qualcomm’s track record on regulatory issues (US FTC, KFTC, and now Taiwan) continues its clean sweep of losses, and the prospect of business model changes or contracts renegotiations is never comforting, even in a small market like Taiwan,” wrote Bernstein Research analyst Stacy Rasgon in a note.

“Qualcomm disagrees with the decision summarized in the TFTC’s press release and intends to seek to stay any required behavioral measures and appeal the decision to the Taiwanese courts after receiving the TFTC’s formal decision, which is expected in the next several weeks,” Qualcomm said in a statement. “The fine bears no rational relationship to the amount of Qualcomm’s revenues or activities in Taiwan, and Qualcomm will appeal the amount of the fine and the method used to calculate it.”

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Qualcomm has been fined US$ 773 million by Fair Trade Commission In Taiwan for violating antitrust laws, more details on iGyaan. Qualcomm Hit With a US$ 773 Million Fine In Taiwan .

Qualcomm is having a rough time trying to defend its intellectual property business against regulators and other legal battles such as the and imposing a fine of approximately .4 billion Taiwan dollars (approximately $ 773 million US dollars at current exchange rates). Qualcomm disagrees with the.

In the midst of this regulatory action, the company is also facing a high-stakes lawsuit from one of its largest customers, Apple, over its licensing tactics. Apple will likely use this loss in Taiwan as evidence of Qualcomm’s wrongdoing.

One positive aspect of the Taiwan ruling, though, is that it finally provides some clarity into the investigation, which has been ongoing since early 2015, Rasgon said.

Qualcomm’s stock is down more than 17% since the beginning of the year, but is up almost half a percent since this morning following the Taiwan fine announcement.

It’s still unclear, however, what the potential impact the Taiwan ruling could have on Qualcomm’s business in the country, which accounts for 12% of its revenue last year. With the fine, the Taiwanese regulator is asking for contract renegotiations.

“It’s pretty clear the world is stacking up against Qualcomm,” Rasgon said. “They’ve lost every case against them so far.”

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