Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Intel Corporation    INTC

INTEL CORPORATION

(INTC)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Qualcomm settles anti-trust case with Taiwan regulator for $93 million

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/10/2018 | 04:47am EDT
FILE PHOTO: Visitors are seen by a booth of Qualcomm Inc at the China International Big Data Industry Expo in Guiyang

TAIPEI/SAN FRANCISCO (Reuters) - Mobile chipmaker Qualcomm Inc will settle an anti-trust case with Taiwanese regulators for about $93 million, and has also 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.

It was also accused of cutting iPhone maker Apple Inc a royalty discount in exchange for the exclusive use of Qualcomm's modem chips in the past.

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.

Moreover, Qualcomm will be required to offer patent licenses to rival chipmakers such as Intel Corp and MediaTek Inc on fair terms before seeking to enforce its patent rights against them in court. Qualcomm also is in the midst of appealing a $927 million fine from the Korea Fair Trade Commission and a $1.2 billion fine from the European Commission. It also faces a lawsuit from the U.S. Federal Trade Commission and is in a wide-ranging legal dispute with Apple.

As part of the Taiwanese settlement, Qualcomm will continue to be allowed to charge a royalty based on the selling price of a handset - a core part of its licensing model that Apple and others have objected to.

Because the settlement replaces the original decision and fine, other anti-trust regulators and legal foes will now be less likely to be able to use the commission's findings as a basis for their own legal actions.

Mediatek said the Commission's decision failed to protect a fair competitive environment as Qualcomm was not required to adjust its business model of charging a royalty fee.

"It will have negative impact on Taiwan's 5G industry and therefore hurt Taiwan's global competitiveness," the company said in a statement on Friday.

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 start-ups on technology initiatives around so-called 5G technology, the next generation of wireless networks.

Taiwan's Fair Trade Commission said that amounted to an investment pledge of $700 million over five years.

"With the uncertainty removed, we can now focus on expanding our relationships that support the Taiwanese wireless industry and rapid adoption of 5G technology," Alex Rogers, Qualcomm's patent licensing chief, said in a statement.

(Reporting by Yimou Lee in TAIPEI and Stephen Nellis in SAN FRANCISCO; Editing by Edwina Gibbs and Manolo Serapio Jr.)

By Yimou Lee and Stephen Nellis

Stocks mentioned in the article
ChangeLast1st jan.
APPLE -2.05% 182.78 Delayed Quote.18.30%
INTEL CORPORATION -1.03% 44 Delayed Quote.-7.18%
MEDIATEK INC. End-of-day quote.
QUALCOMM -10.86% 69.31 Delayed Quote.34.63%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INTEL CORPORATION
04:12pU.S. judge says Qualcomm violated antitrust law; appeal planned, shares plung..
RE
01:37pGlobal tech companies shun Huawei after U.S. ban
RE
09:05aINTEL : Navigating Intel's Future in Technology and Computing
AQ
09:04aINTEL CORP : Change in Directors or Principal Officers, Submission of Matters to..
AQ
02:48aINTEL : U.S. Puts Brakes on Chinese Tech-Job Seekers
DJ
05/21U.S. eases curbs on Huawei; founder says clampdown underestimates Chinese fir..
RE
05/21INTEL : Labs
PU
05/21INTEL : Navigating Intel's Future in Technology and Computing
PU
05/21INTEL : U.S. Slows Hiring of Chinese Nationals by Chip Makers -- Update
DJ
05/21INTEL : Some 150 jobs in Israel at risk as result of new Intel CEO 5G strategy
AQ
More news
Financials ($)
Sales 2019 68 687 M
EBIT 2019 21 889 M
Net income 2019 18 711 M
Debt 2019 15 925 M
Yield 2019 2,86%
P/E ratio 2019 10,60
P/E ratio 2020 10,22
EV / Sales 2019 3,07x
EV / Sales 2020 2,87x
Capitalization 195 B
Chart INTEL CORPORATION
Duration : Period :
Intel Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INTEL CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 40
Average target price 52,3 $
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
Robert Holmes Swan Chief Executive Officer, Director & Executive VP
Andy D. Bryant Controller
Ann-Marie Holmes Vice President-Operations & Manufacturing
Todd Underwood Chief Financial Officer & Vice President
Ann B. Kelleher Senior VP-Technology & Manufacturing Group
Sector and Competitors
1st jan.Capitalization (M$)
INTEL CORPORATION-7.18%195 018
TAIWAN SEMICONDUCTOR MFG. CO. LTD.--.--%195 795
BROADCOM INC8.28%107 904
TEXAS INSTRUMENTS10.83%98 258
QUALCOMM34.63%93 147
NVIDIA CORPORATION16.15%92 416