Taiwan’s Ministry of Economic Affairs (MOEA) said it is “deeply concerned” about a move by the island’s antitrust agency to impose a US$775 million fine on Qualcomm Inc.
In a rare public display of disagreement between authorities, the ministry expressed reservations about the fine slapped by Taiwan’s Fair Trade Commission (FTC) on Qualcomm last week.
The MOEA, which oversees industrial policy, said it respects the FTC’s position but is concerned about the potential impact on foreign investment.
“With regards to the investigation and judgment process… our ministry is deeply concerned,” Reuters cited ministry as saying in a statement late Tuesday.
“Considering economic stability and prosperity, as well as that the economics ministry is the government authority overseeing industry, the ministry would like to see better coordination between industrial development and fair trading,” the MOEA said.
The statement came after the FTC fined Qualcomm, saying that the US chipmaker had abused its monopolistic position by opting against licensing some modem-related technologies to other industry players.
Qualcomm said it disagreed with the FTC ruling and that it will take the matter to court once the agency releases a final report in coming weeks.
The MOEA said the antitrust agency did not appear to take into account Qualcomm’s contribution to the overall Taiwan technology industry or impact on future business opportunities.
Taiwan chipmaker MediaTek supported the FTC’s action in a statement last week, reiterating views of some industry players that it would lead to a fairer business environment for technological innovation.
– Contact us at [email protected]