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China: Qualcomm probe remains shrouded in mystery

 |  January 9, 2014

Weeks after US chipmaker Qualcomm announced it has come under scrutiny competition regulators in China, the conglomerate has yet to be notified as to why.

Qualcomm CEO Paul Jacobs told reporters Wednesday the company has not been told why China’s National Development and Reform Commission began a probe into the firm, adding that the company is unaware of any possible competition misconduct.

Still, Qualcomm has cooperated with the investigation, recently handing over documentation requested by the NDRC. Jacobs noted that several competition regulators across the globe do not always disclose their reasoning for opening antitrust probes.

Qualcomm is the world’s leader in 4G LTE smartphone technology, say reports.

Full Content: Reuters

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