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.
If you want a free market, how about we go for broke? No government protection of patents, no government protection of copyrights, no government subsidies, no special allowances and rules at all.
What's that? Qualcomm really wants their government provided monopolies? Well, that's a shame.
The dial button on mobile and the slider in classic lets you view low rated messages. It's only when you start putting Scientology texts into comments that they remove your post.
Also: fuck Qualcomm
Moderation is NOT a tool to voice agreement or disagreement
Oh, you must be new here.
-1
Oh well, better than nothing.
Why do you hate Adam Smith?
I totally agree.
The government shouldn't be providing Qualcomm with exclusive rights to their patents. That kind of regulation harms other businesses and consumers.
There wouldn't be any antitrust issues if there was no monopoly on ideas.
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