Focus Taiwan
Date: 2018/01/24
By: Tsai Yi-chu and Frances Huang
Taipei, Jan. 24 (CNA) Qualcomm Inc., a U.S.-based smartphone chip designer, has
Image taken from Qualcomm Inc.’s Facebook page
obtained approval from Taiwan’s Fair Trade Commission (FTC) to pay a massive fine in installments, the FTC said Wednesday.
Qualcomm filed the application on Monday, its deadline for paying the NT$23 billion (US$784 million) fine for violation of Taiwan’s antitrust regulations.
FTC Vice Chairman Perng Shaw-jiin (彭紹瑾) told the press Wednesday that the FTC gave approval for Qualcomm to pay the fine in 60 monthly installments, starting with a payment of about NT$390 million by the end of January.
On Oct. 11, the FTC imposed a fine of NT$23.4 billion on Qualcomm after a two-year investigation into allegations of anti-trust violations relating to the company’s chip technology. [FULL STORY]