HONG KONG (Reuters) - The Taiwan Fair Trade Commission said on Wednesday it will fine U.S. chipmaker Qualcomm Inc T$23.4 billion ($774.14 million) for anti-trust violations of its chip technology.
The Commission said in a Chinese-language statement that Qualcomm had a monopoly over the CDMA, WCDMA and LTE chip market and refused to licence its technology to other industry players.
Qualcomm is required to submit a progress report on the matter every six months to the Commission on negotiations with related parties over the issue.
($1 = 30.2270 Taiwan dollars)
(Reporting by Meg Shen in Hong Kong and Lee Chyen Yee in Singapore, editing by Louise Heavens)