Qualcomm (QCOM) is facing an antitrust probe by China's State Administration for Market Regulation over its recent acquisition of Autotalks, an Israel-based fabless semiconductor company that specializes in vehicle-to-everything communications, the regulator said Friday.
The investigation will focus on whether the US chipmaker breached China's anti-monopoly law in connection with some aspects of the deal, according to the regulator.
Qualcomm didn't immediately respond to MT Newswires' request for comment.
The company's shares were down 3.1% in recent premarket activity.
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