(Reuters) – Qualcomm Inc mentioned China's value regulator has started an investigation of the cell chipmaker beneath the Chinese language Anti-Monopoly Regulation. Qualcomm stated it used to be now not aware about any violation however would cooperate with the investigation via the Nationwide Construction and Reform Fee (NDRC). The NDRC did not say why Qualcomm was being investigated. On the other hand, Evercore Partners analyst Mark McKechnie mentioned the investigation gave the impression to be part of a much wider probe into the industry and not specific to the company.
Qualcomm says China’s price regulator probing company
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