In this article

QCOM

Follow your favorite stocks CREATE FREE ACCOUNT

Qualcomm shares fell 4% on Friday after Chinese regulators said they would investigate the American tech giant's acquisition of chip firm Autotalks, ramping up tensions between the U.S. and China ahead of key meetings between the country's leaders this month.

China's State Administration of Market Regulation (SAMR) said that Qualcomm is suspected of violating the country's anti-monopoly law in regards to its acquisition of Israeli firm Autotalks. The acquisition officially closed in June, just over two years after it was first announced.

In a short statement, the SAMR said it would initiate an investigation into Qualcomm.

The U.S. chipmaker said in a statement that it is fully cooperating with SAMR and "is

See Full Page