Qualcomm Violated Chinese Anti-Monopoly Law, Regulator Alleges. The Stock Is Falling.

The chip maker is under investigation by China’s State Administration for Market Regulation. (AFP via Getty Images)

Key Points

• Qualcomm is under investigation by China’s market regulator for allegedly violating anti-monopoly law.
• The probe concerns Qualcomm’s acquisition of Autotalks and cites a failure to declare full information.
• Qualcomm acquired Autotalks for an undisclosed fee earlier this year.

Qualcomm is under investigation for allegedly violating Chinese anti-monopoly law, China’s top market regulator announced Friday.

The State Administration for Market Regulation claimed the chip maker failed to declare full information in its acquisition of Israeli semiconductor company Autotalks.

Qualcomm didn’t immediately respond to a Barron’s request for comment.

Qualcomm stock fell 1.2% in premarket trading.

The company acquired Autotalks for an undisclosed fee earlier this year. The pair initially struck a deal in 2023, but the agreement fell through amid anti-monopoly investigations by the Federal Trade Commission and U.K. regulators.

Write to Nate Wolf at nate.wolf@barrons.com