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
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI