Categories: Business

China says Qualcomm admitted to acquiring Autotalks without informing regulator

HONG KONG (Reuters) -U.S. semiconductor manufacturer Qualcomm admitted that it had not informed Chinese authorities when it completed its acquisition of Israel's Autotalks in June, China's market regulator said on Sunday. The disclosure was made two days after China launched an antitrust investigation into Qualcomm examining whether the U.S. firm violated China's antitrust law by not declaring some details of its acquisition of the Israeli chip designer. Qualcomm didn't immediately respond to Reuters' request for comment on Sunday.  (Reporting by Selena Li)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

Coinbase doubles down on prediction markets with deal for The Clearing Company

Dec 22 (Reuters) - Coinbase said on Monday it will buy prediction markets startup The…

5 hours ago

Israeli high-tech funding rises to nearly $16 billion in 2025, report says

By Steven Scheer JERUSALEM, Dec 22 (Reuters) - Israeli high-tech companies raised $15.6 billion in…

5 hours ago

Ellison offers $40.4 billion guarantee to beef up Paramount's Warner Bros bid

By Akash Sriram Dec 22 (Reuters) - Oracle co-founder Larry Ellison has stepped in to…

6 hours ago

Senegal will take it a match at a time at AFCON

VIDEO SHOWS: SENEGAL AND BOTSWANA PRESS CONFERENCES RESENDING WITH FULL SCRIPT  SHOWS: TANGIER, MOROCCO (DECEMBER…

7 hours ago

Paramount's bid for Warner Bros Discovery gains Ellison's $40.4 billion backing

Dec 22 (Reuters) - Oracle co-founder Larry Ellison has agreed to personally guarantee $40.4 billion…

8 hours ago