The chairwoman of Taiwan’s Fair Trade Commission expressed optimism for Qualcomm’s industrial investment program, and its establishment of a tech hub in Hsinchu
By: Duncan DeAeth, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – The IC chip manufacturer Qualcomm announced earlier this year that they would be opening a research and development center and tech hub in Taiwan in the Hsinchu Science and Industrial Park.
On Nov. 7, the chairwoman of Taiwan’s Fair Trade Commission, Huang Mei-ying (黃美瑛), discussed the country’s expectations for Qualcomm’s proposed five year industry investment plan.
Qualcomm’s decision to invest in Taiwan and establish the tech hubs came about as the result of an anti-trust settlement on Aug. 10. The company was originally charged in October 2017 of violating the Intellectual Property rights of a domestic competitor, reports CNA.
After first paying a portion of the fines demanded, NT$2.73 billion (US$88.84 million), Qualcomm negotiated with Taiwan’s Intellectual Property Court and in lieu of paying the remaining NT$23.4 billion (US$762 million), Qualcomm agreed to invest US$700 million into Taiwan to develop 5G and other technologies over the next five years.