Qualcomm is working on launching new products and services in China despite a controversial antitrust investigation launched against the company, say reports.
Qualcomm said Wednesday that it is working with 90 partners in China to pinpoint new opportunities for growth and said it hopes to establish new methods of cooperation between domestic semiconductors.
Qualcomm chairman Paul Jacobs revealed the plans at a conference Wednesday sponsored by the World Economic Forum, say reports.
The plans suggest Qualcomm is undeterred from doing business in China despite an investigation into the company by the National Development and Reform Commission. The probe is only one of several cases launched by Chinese authorities against foreign companies in a trend that has lead some overseas businesses to question whether they should continue to focus on the Chinese market so heavily.
But Qualcomm said it remains committed to the Chinese market. “We’ve had a long history in China,” Jacobs said. “Many of the largest players in the industry are now coming from China. That shows working together can create an ecosystem that’s beneficial.”
Full content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Justice Department Moves to End NCAA Transfer Rule
May 30, 2024 by
CPI
Kenya’s Competition Authority Proposes Tougher Regulations on Big Tech
May 30, 2024 by
CPI
KKR Secures EU Antitrust Approval for $24 Billion Acquisition of Telecom Italia’s Fixed-Line Network
May 30, 2024 by
CPI
European Court Sides with Tech Giants in Italian Regulatory Dispute
May 30, 2024 by
CPI
US Steel and Nippon Steel Secure International Approvals for $14.9B Merger
May 30, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI