TAIPEI (Reuters) – Mobile chipmaker Qualcomm Inc is settling an antitrust case brought against it by Taiwan regulators by paying T$2.73 billion ($89 million), the island’s Fair Trade Commission said on Friday.
FILE PHOTO: Visitors are seen by a booth of Qualcomm Inc at the China International Big Data Industry Expo in Guiyang, Guizhou province, China May 27, 2018. REUTERS/Stringer
The commission said Qualcomm also agreed to bargain in good faith with other chip and phone makers in patent-licensing deals.
In 2017, the commission fined Qualcomm $778 million for refusing to sell chips to mobile handset makers that wouldn’t agree to its patent-licensing terms and for cutting iPhone maker Apple Inc a royalty discount in exchange for the exclusive use of Qualcomm’s modem chips in the past.
Reporting By Yimou Lee in TAIPEI and Stephen Nellis in SAN FRANCISCO; Editing by Muralikumar Anantharaman