Qualcomm says China launches antitrust probe

November 25, 2013
Dr. Paul E. Jacobs, chairman and CEO of Qualcomm, chip manufacturer for HP tablet and mobile phones, speaks during the WebOS event at Fort Mason's Herbst Pavilion on February 9, 2011 in San Francisco, California

US mobile chipmaker Qualcomm said Monday it has been notified it is the subject of an antitrust investigation by Chinese authorities.

The company, a dominant maker of chips for smartphones, said in a statement that the "substance of the investigation" under the Chinese Anti-Monopoly Law is "confidential."

"The company is not aware of any charge by the NDRC (China's National Development and Reform Commission) that Qualcomm has violated the AML (Anti-Monopoly Law)," a Qualcomm statement said.

"We will continue to cooperate with the NDRC as it conducts its confidential investigation.

Qualcomm shares fell 2.5 percent to $71.10 after the news.

The US firm brought in over $1 billion in revenues from China in the past quarter.

Chief executive Paul Jacobs told the Wall Street Journal last week the company had been facing increasing pressure due to revelations of surveillance programs conducted by the US National Security Agency.

Explore further: EU drops Qualcomm antitrust probe

Related Stories

EU drops Qualcomm antitrust probe

November 24, 2009

(AP) -- European Union antitrust regulators on Tuesday dropped a monopoly abuse probe into wireless chip maker Qualcomm Inc. after mobile phone companies withdrew complaints about high royalty fees.

Qualcomm ups dividend, approves up to $4B buyback

March 6, 2012

(AP) -- Mobile phone chip-maker Qualcomm Inc. said Tuesday that its board approved the increase of its quarterly dividend by 16 percent to 25 cents and up to $4 billion in stock buybacks.

Recommended for you

Dutch create world's largest man-made wave

October 5, 2015

In a country where most people live below sea level, studying the oceans is a matter of survival. Now Dutch scientists have created the world's biggest man-made wave in a bid to prepare for the worst.


Adjust slider to filter visible comments by rank

Display comments: newest first

not rated yet Nov 25, 2013
Seems like China has been learning from us.
1 / 5 (1) Nov 25, 2013
China's pissed because they can't clone the Qualcomm technology.
Nov 25, 2013
This comment has been removed by a moderator.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.