China Opens Antitrust Probe of Qualcomm’s Autotalks Deal

China has launched an antitrust investigation into Qualcomm's proposed acquisition of Autotalks, an Israeli automotive technology company. This move comes before a crucial meeting between the leaders of China and the United States, the world's two largest economies. The investigation is the latest in a series of actions by China targeting US technology companies, raising concerns about the escalating tensions between the two nations. Qualcomm, a leading semiconductor manufacturer, announced the Autotalks deal in March, but it is now subject to scrutiny from Chinese regulators. The probe highlights the increasingly complex and competitive landscape of the global technology industry, where national interests and geopolitical considerations are playing a growing role. The outcome of this investigation could have significant implications for Qualcomm's business and the broader relationship between China and the United States.
Source: For the complete article, please visit the original source link below.