Qualcomm Fined Record $773 Million In Taiwan Antitrust Probe (bloomberg.com)
According to Bloomberg, Qualcomm was fined a record NT$23.4 billion ($773 million) by Taiwan's Fair Trade Commission in the latest blow from regulators over the way the U.S. company prices mobile phone chips and patents. From the report: The company has been violating antitrust rules for at least 7 years and Qualcomm collected NT$400 billion in licensing fees from local companies during that time, the Taiwanese regulator said on its website Wednesday. Qualcomm disagrees with the decision and intends to appeal, the San Diego-based company said in a statement. The Taiwanese regulator said Qualcomm has monopoly market status over key mobile phone standards and by not providing products to clients who don't agree with its conditions, the U.S. company is violating local laws. It said Taiwanese companies had purchased $30 billion worth of Qualcomm baseband chips. Besides the fine, the Fair Trade Commission told Qualcomm to remove previously signed deals that force competitors to provide price, customer names, shipment, model name and other sensitive information as well as other clauses in its agreements.
The free market works best without regulation. Antitrust regulation is harmful to consumers and drives up prices. Businesses are harmed but so are consumers. If you agree or disagree, use the reply button. Moderation is NOT a tool to voice agreement or disagreement, and is an abuse of the system.
Oh well, better than nothing.
Yes this is the correct way to get all the tax that these huge companies have avoided paying and frisked to Ireland in the form of royalties. Hope some of the fined money goes back to purchasers of phone who have recipts.
Qualcomm getting into manufacturing instead of just farming out their designs was a step that they might regret if Apple gets pissed enough with Qualcomm and switches over completely. Stay tuned slashdotters the 2018 iPhone will most likely have an intel inside sticker on it. What would be even more amazing is if somehow suddenly Nokia came back to life with Microsoft putting the bill to buy out all the unused Qualcomm production capacity in Taiwan. Stranger things have happened. Who knows we might even see a really great Nokia Android phone with secure MS office, sql and exchange. Life will could get very difficult for the MS, Android and Apple fanboys they would all feel like somehow they were forced into a sex change operation without consent.
This message was not sent from an iPhone because Peter Sellers really was a deviated prevert without a dime for the call