China says Qualcomm admitted to acquiring Autotalks without informing regulator
US chipmaker Qualcomm has admitted it did not notify Chinese authorities about its June acquisition of Israeli company Autotalks, according to China’s market regulator. This comes just days after China launched an antitrust probe into Qualcomm ove...
By Reuters |
Reuters
US semiconductor manufacturer Qualcomm admitted that it had not informed Chinese authorities when it completed its acquisition of Israel's Autotalks in June, China's market regulator said on Sunday.
The disclosure was made two days after China launched an antitrust investigation into Qualcomm examining whether the U.S. firm violated China's antitrust law by not declaring some details of its acquisition of the Israeli chip designer.
Qualcomm didn't immediately respond to Reuters' request for comment on Sunday.
The disclosure was made two days after China launched an antitrust investigation into Qualcomm examining whether the U.S. firm violated China's antitrust law by not declaring some details of its acquisition of the Israeli chip designer.
Qualcomm didn't immediately respond to Reuters' request for comment on Sunday.
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