By: Jackson Chang, Tsai Yi-chu and Frances Huang
Taipei, Oct. 12 (CNA) Qualcomm Inc., a U.S.-based smartphone chip designer, said Thursday that it will appeal a decision handed down by Taiwan’s Fair Trade Commission (FTC) to slap a more-than NT$23 billion (US$760 million) fine for violation of the country’s antitrust regulations.
“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,” the U.S. firm said in a statement.
Qualcomm said it is planning to seek a stay on any required measures and appeal the decision to the Taiwanese courts after receiving the FTC’s formal decision, which is expected over the next few weeks. [FULL STORY]