US semiconductor producer Qualcomm admitted that it had not knowledgeable Chinese language authorities when it accomplished its acquisition of Israel’s Autotalks in June, China’s market regulator mentioned on Sunday.
The disclosure was made two days after China launched an antitrust investigation into Qualcomm, analyzing whether or not the US agency violated China’s antitrust regulation by not declaring some particulars of its acquisition of the Israeli chip designer.
Qualcomm didn’t instantly reply to Reuters’ request for remark.
China’s State Administration for Market Regulation (SAMR) mentioned it knowledgeable Qualcomm in March 2024 that the deal requires approval by the regulator, and the US agency in the identical month notified SAMR it would not pursue additional.
Nevertheless, Qualcomm in June this yr accomplished the deal with out informing the authority, the regulator mentioned, including Qualcomm “acknowledged above info”, primarily based on which Beijing launched the antitrust probe.
Qualcomm’s shares fell greater than 5 per cent on Friday after US President Donald Trump threatened to hike tariffs in opposition to China and cancel a deliberate assembly with President Xi Jinping.
Revealed on October 12, 2025