Qualcomm Says China Is Investigating Whether Firm Broke Its Anti-Monopoly Law
Qualcomm said Monday that a Chinese government agency is looking into whether the chipmaker broke one of the country’s anti-monopoly laws.
In a statement, Qualcomm said that the substance of the investigation is confidential, and that it is not aware of any charge that it has broken the law. “We will continue to cooperate with the (Chinese government agency) as it conducts its confidential investigation,” Qualcomm said.
Qualcomm CEO Paul Jacobs recently told The Wall Street Journal that it was seeing fallout in China from the NSA scandal and other issues.