Qualcomm takes a $773 hits on fight against apple.
The Taiwanese Fair Trade Commission has fined Qualcomm NT$23.4 billion ($773 million) for antitrust violations. This is one other major defeat for the chipmaker that’s currently embroiled in a complicated legal battle against Apple and other tech firms. And local regulators keep hitting Qualcomm with fines, seemingly siding with Apple. Whatever Qualcomm says about Apple’s actions, these fines will undoubtedly hinder its defense. Qualcomm’s bottom line and the stock could also take serious hits. According to Bloomberg , the Taiwanese regulator said that Qualcomm has been violating antitrust rules for at least seven years, during which time the company collected NT$400 billion ($13.23 billion) from local businesses. The regulator said Qualcomm abused its position by not providing products to clients who don’t agree with its conditions. The Taiwanese FTC also told Qualcomm to remove the deals that forced local competitors to provide price, customer names,...