Radio Taiwan Internatiional
Date: 2018-08-27

The Ministry of Science and Technology will make sure that Qualcomm will keep their

Science Minister Chen Liang-gee: will make sure that Qualcomm will keep their promise and invest in ways that benefits Taiwan. (CNA Photo)

promise and invest in ways that benefit Taiwan. That was the word from Minister Chen Liang-Gee. Qualcomm is the biggest US-based chip maker for mobile phones.

In October 2017, Taiwan’s Fair Trade Commission (FTC) fined Qualcomm NT$23.4 billion (US$775 million) for inappropriate patent grants and for handing out exclusive discounts. That was the biggest fine the FTC has ever handed out. After the fine was announced, Qualcomm held off meetings with Taiwanese tech companies in 5G technology.

The FTC settled with Qualcomm this month by slashing the fine to NT$ 2.73 billion (US$ 89 million). As part of the settlement, Qualcomm will invest US$700 million in Taiwanese manufacturing plants and education over the next five years.    [FULL  STORY]