SAN DIEGO (CNS) - San Diego-based Qualcomm was fined $773 million by regulators in Taiwan Wednesday for violations of antitrust rules over a seven-year period.
The provider of technology for mobile devices will also have to void contracts that call for licensees to share various customer sales details.
In a statement, Qualcomm said it intends to appeal the decision by the Taiwan Fair Trade Commission to the island nation's courts after the agency finalizes its ruling in a few weeks.
"The fine bears no rational relationship to the amount of Qualcomm's revenues or activities in Taiwan, and Qualcomm will appeal the amount of the fine and the method used to calculate it," the company said.
Qualcomm has been fined by regulators in several Asian countries and the European Union, and is embroiled in a legal dispute over royalties with Apple.
According to multiple reports, the Taiwanese FTC accused Qualcomm of abusing a monopoly it holds over mobile phone standards for wireless data connectivity and refused to license necessary patents to clients who don't agree to the company's conditions.
The agency said Taiwanese companies had purchased $30 billion worth of Qualcomm baseband chips.
A 10-year-old male lion on loan from the San Diego Zoo was killed at the Indianapolis Zoo by a female lion, zoo officials announced Friday.
A 65-year-old woman was seriously injured Friday when she fell while riding an electric scooter with family members in the Marina area of San Diego.
A light plane occupied by a flight instructor and a student pilot made a safe emergency landing Friday amid late-morning traffic on Interstate 8 in El Cajon.
Outdoor clothing giant Patagonia jumped into two competitive Senate races Friday, endorsing Democrats Jon Tester of Montana and Jacky Rosen of Nevada in what the company called its first foray into elective politics.
Declaring this midterm election year an "inflection point" in American history, Kamala Harris came Friday to South Carolina to tell Democrats that the way out of Donald Trump's America is through the ballot box.
California moved a step closer Friday to allowing marijuana deliveries in communities that have banned retail sales of the drug as regulators rebuffed cities and police chiefs who are opposed to the rule.
The numbers in Friday night's draw of the multi-state Mega Millions lottery are 15, 23, 53, 65, 70 and the Mega number is 7.
The ninth annual San Diego Green Homes Tour is taking place on Sunday, and it is your chance to visit 12 of the county's most eco-friendly homes.
An ex-con who allegedly killed the proprietor of an East Village flooring-materials store at the victim's downtown business during a robbery pleaded not guilty Friday to a murder charge that could lead to the death penalty if he's convicted.