Qualcomm Says China Agency Started Anti-Monopoly Probe
This article is for subscribers only.
Qualcomm Inc., the world’s largest maker of chips for smartphones, said China’s National Development and Reform Commission began an investigation related to an anti-monopoly law.
The NDRC has advised that specific details of the probe are confidential, Qualcomm said today in a statement. The San Diego-based company isn’t aware of any charge by the agency that it violated the anti-monopoly law. The Chinese government has been stepping up corporate scrutiny recently, as new leadership expands an anti-corruption drive and cracks down on business practices that lead to increases in consumer prices.