BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Qualcomm Faces Antitrust Probe in China, Stock Drops 4%
Qualcomm Faces Antitrust Probe in China, Stock Drops 4%
9
2
BTCCSquare news:
Qualcomm shares tumbled 4% following China's antitrust investigation into its Autotalks acquisition. The State Administration of Market Regulation alleges violations of anti-monopoly laws, casting a shadow over the chipmaker's strategic expansion in vehicle-to-everything communication technology.
The probe coincides with heightened US-China tech tensions ahead of the APEC summit. As a critical supplier to Xiaomi and other Chinese manufacturers, Qualcomm now navigates turbulent regulatory waters—mirroring recent actions against Nvidia's Mellanox deal.
By:
