Taipei, Saturday, Jul 04, 2020, 01:50

News

Qualcomm Reaches Settlement With FTC: to Set Up Operations Center in Taiwan

By Korbin Lan
Published: Aug 13,2018

TAIPEI, Taiwan - Qualcomm Technologies, Inc. announced that they have reached a settlement with Taiwan’s Fair Trade Commission(FTC) and have settled the lawsuit brought against Qualcomm for violating regulations of the Taiwanese Fair Trade Commission.

More on This

Qualcomm Retakes Market Leadership in 1Q20 Revenue

According to the 1Q20 revenue ranking of global top 10 IC design companies compiled from TrendForce’s latest data, Qua...

Keysight Enables Qualcomm to Demonstrate Industry’s First 5G Laptop with Integrated Modem

Keysight Technologies announced that the company’s 5G network emulation solutions were used by Qualcomm Technologies, Inc...

The two parties reached a bilateral agreement that in addition to not contesting a NT$2.73 billion penalty, they will also commit to a US$700 million (approximately NT$2.14 billion) five-year industrial plan and investment cooperation in Taiwan which includes a 5G collaboration, new market expansion, and cooperation for new universities and startups. In addition they will also establish an operations and manufacturing center in Taiwan.

Qualcomm Executive Vice President and President of Qualcomm Technology Licensing Alex Rogers stated that they are happy to have put aside litigation with the Fair Trade Commission and reach a mutually favorable bilateral consensus. They are also extremely satisfied and once again pledge to give authorization to their important intellectual property rights in accordance with the principles of fairness and mutual trust.

Following the removal of these uncertainties, Qualcomm can now focus on mutual cooperation to support Taiwanese wireless technology and rapidly developing 5G technology.

(TR/ Phil Sweeney)

CTIMES loves to interact with the global technology related companies and individuals, you can deliver your products information or share industrial intelligence. Please email us to en@ctimes.com.tw

478 viewed

comments powered by Disqus