Friday, August 10, 2018

Qualcomm Negotiates Antitrust Settlement In Taiwan

San Diego-based Qualcomm has negotiated a settlement in Taiwan, which will reverse most of a giant $774M fine levied against the company in 2017, reducing that fine to just $93M. According to Qualcomm, it will now promise to invest $700M over the next five years and develop a Taiwanese center for operations and manufacturing engineering, among other investments in the country. Qualcomm paid $93M to Taiwan in July after an antitrust dispute with the country. The company said the investment deal with Taiwan will includes commercial initiatives over the next five years for the benefit of the mobile and semiconductor ecosystem, SMEs and consumers, including 5G collaborations, new market expansion, start-up and university collaborations, and that new Taiwanese center.

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