American semiconductor and telecommunications company Qualcomm will invest US$700 million over the next five years and boost research activities in Taiwan, home to a clutch of major suppliers to global hi-tech firms such as Apple. It is part of an agreement announced on Friday by Taiwan’s Fair Trade Commission. In return, Qualcomm can stop paying fines and retains the right to charge manufacturers royalties on its technology. Photo: AP

Chip giant Qualcomm wins Taiwan reprieve as global antitrust battle rages

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American semiconductor and telecommunications company Qualcomm will invest US$700 million over the next five years and boost research activities in Taiwan, home to a clutch of major suppliers to global hi-tech firms such as Apple. It is part of an agreement announced on Friday by Taiwan’s Fair Trade Commission. In return, Qualcomm can stop paying fines and retains the right to charge manufacturers royalties on its technology. Photo: AP
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