A view of one of Qualcomm's many buildings in San Diego, California, July 22, 2008. REUTERS/Mike Blake
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Mobile chipmaker Qualcomm Inc. will settle an anti-trust case with Taiwanese regulators for about $93 million, and has pledged to invest $700 million in Taiwan over the next five years.The settlement replaces a fine of roughly $778 million imposed by Taiwan's Fair Trade Commission in 2017, when it accused the U.S. firm of refusing to sell chips to mobile handset-makers that wouldn't agree to its patent-licensing terms.Under the settlement, Qualcomm will have to provide reports every six months to Taiwanese officials for five years to show it is negotiating in good faith with handset makers in patent-licensing deals.As part of the deal Qualcomm said it had agreed to build new manufacturing and operations facilities in Taiwan and work with Taiwan universities and startups on technology initiatives around so-called 5G technology, the next generation of wireless networks.
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