China opens antitrust probe into Qualcomm over its Autotalks deal
BEIJING: China has launched an antitrust investigation into U.S. semiconductor manufacturer Qualcomm over its acquisition of Israel’s Autotalks, China’s market regulator said on Friday.
China’s State Administration for Market Regulation said the probe would look at whether Qualcomm violated China’s antitrust law by not lawfully declaring some details in its acquisition of the Israeli chip designer.
Qualcomm’s shares fell more than 5% after U.S. President Donald Trump also threatened to hike tariffs against China and cancel a planned meeting with President Xi Jinping.
