US chip maker Qualcomm on Tuesday said it will not split in two despite pressure by an activist investment fund.
The European Union's anti-trust watchdog says it suspects that Qualcomm illegally made exclusivity payments to a major customer and sold chipsets below cost to force a competitor out of the market.
Qualcomm has inked a technology licensing deal with smartphone maker Xiaomi - a major Chinese firm that previously balked at paying royalties for use of the San Diego company's patents.
Qualcomm says it will cut jobs, update its board and review its business structure options as part of an effort to improve its performance.
The EU launched an anti-competition probe Thursday into US computer chip giant Qualcomm, the latest of a series of investigations into top American companies.
Activist investor firm Jana Partners says Qualcomm should speed up a stock repurchase, look for ways to cut costs, and consider splitting itself up.
Qualcomm on Monday rejected a call from an activist investment firm to break up the US tech giant into groups focused on chip manufacturing and licensing of its technology.
A Chinese semiconductor company will seek a $100 billion penalty against Qualcomm for trademark infringement, it said Tuesday—almost as much as the US mobile chip titan's entire market capitalisation.
China fined chipmaker Qualcomm 6 billion yuan ($975 million) in the biggest of a wave of anti-monopoly penalties that have rattled foreign companies.
Chinese Premier Li Keqiang Thursday demanded a greater role for Beijing in shaping the global Internet, calling for "order" online as he failed to address his government's censorship of content it deems politically sensitive.