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Qualcomm Settles Anti-Trust Lawsuit For $93 Million With Taiwan Regulator

Qualcomm Inc., mobile chipmaker, will settle an anti-trust lawsuit with Taiwanese watchdogs for almost $93 Million. The company has also promised to spend $700 Million in Taiwan over the course of coming 5 Years. The settlement swaps a fine of almost $778 Million imposed in 2017 by Fair Trade Commission of Taiwan. The watchdog blamed the U.S. company of refusing to trade processors to mobile handset manufacturers that would not agree to its patent-licensing conditions.

It was also blamed of cutting a royalty discount for iPhone maker Apple in exchange for the elite employment of Qualcomm’s modem processors in the past. Below the settlement, Qualcomm will have to offer reports every 6 Months to Taiwanese executives for 5 Years to verify that it is settling in good faith with handset manufacturers in patent-licensing agreements. In addition to this, Qualcomm will be needed to provide patent licenses to competitor chip manufacturers such as MediaTek Inc and Intel Corp on fair conditions before looking to enforce its patent rights in court against them.

On a related note, Qualcomm earlier last week shared an invite for an event planned to occur in San Francisco on September 10, 2018. This obviously hints that the firm is getting ready for the roll out of its next gen wearable processor.

Currently, the Snapdragon Wear 2100 processor by Qualcomm is fueling the lately launched Wear OS devices. It is likely that the new processor will provide enhanced battery optimization for the devices operating on Wear OS by Google. It is also claimed that the yet-to-be rolled out wearable processor by Qualcomm will also provide better speed and improved performance.

Previously this year, both Qualcomm and Google declared that they are operating on a new processor design that will provide more flexibility to the devices. This was also confirmed by many media reports.

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