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Qualcomm’s shady dealings land it another enormous fine

by Danny Zepeda | October 12, 2017October 12, 2017 9:00 am PST

Qualcomm is being slapped with a $774.1 million fine by the Taiwan Fair Trade Commission for violating anti-trust regulations.

According to the Taiwan Fair Trade Commission, Qualcomm used its monopoly over smartphone modems and major patents holdings to gouge better prices from its customers or deny its products to some industry players entirely. It is now being ordered to stop those practices and the adverse deals it signed with other companies.

Qualcomm isn’t taking the decision lying down, vigorously denying the accusations.

“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,” related Qualcomm.

This marks the latest accusation of Qualcomm’s unsavory business practices. Back in 2015, the Chinese regulators fined Qualcomm $975 million for the same practices while Korean regulators fine it $854 million in December. The U.S. Federal Trade Commission is also currently suing the company for its anti-trust practices.

Even Qualcomm’s $38 billion bid to buy NXP Semiconductors has been called into question by European regulators for the anti-trust implications of the deal.

It’s not just regulators Qualcomm is fighting. Apple is also fighting Qualcomm in court for its business practices, suing the company for $1 billion for overcharging for the use of basic patents.

As more regulators and companies continue to take Qualcomm to court, it just makes it strikingly clear this battle won’t be ending any time soon for the company.

TFTC Reuters

Danny Zepeda

Born and raised in Southern California, Danny grew up on a steady diet Pixar, Star Wars and Steven Spielberg movies. Unbeknownst to him, this was...