No paywall: https://finance.yahoo.com/news/china-opens-probe-qualcomm-suspected-091217073.html
China has launched an antitrust investigation into U.S. semiconductor manufacturer Qualcomm (QCOM) 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.
San Diego-based Qualcomm said in June it had finalised the deal for Autotalks, which makes communications chips to help prevent car crashes, without disclosing the size, or how it had resolved earlier sticking points.
Qualcomm drops 3% premarket as China opens antitrust probe over Autotalks deal, reigniting U.S.-China tech tensions
byu/callsonreddit instocks
Posted by callsonreddit
1 Comment
Yeah China seems to be the only country now fighting for the concerns of its citizens.
The EU just keeps caving.