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Qualcomm settles with Taiwan antitrust regulator for T$2.73 bln

Qualcomm settles with Taiwan antitrust regulator for T$2.73 bln
FILE PHOTO: Visitors are seen by a booth of Qualcomm Inc at the China International Big Data Industry Expo in Guiyang, Guizhou province, China May 27, 2018. REUTERS/Stringer   -   Copyright  China Stringer Network(Reuters)
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TAIPEI (Reuters) – Mobile chipmaker Qualcomm Inc <QCOM.O> is settling an antitrust case brought against it by Taiwan regulators by paying T$2.73 billion ($89 million), the island’s Fair Trade Commission said on Friday.

The commission said Qualcomm also agreed to bargain in good faith with other chip and phone makers in patent-licensing deals. In 2017, the commission fined Qualcomm $778 million for refusing to sell chips to mobile handset makers that wouldn’t agree to its patent-licensing terms and for cutting iPhone maker Apple Inc <AAPL.O> a royalty discount in exchange for the exclusive use of Qualcomm’s modem chips in the past.

(Reporting By Yimou Lee in TAIPEI and Stephen Nellis in SANFRANCISCO; Editing by Muralikumar Anantharaman)

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