Indian Prime Minister Narendra Modi met Cristiano Amon, President and CEO of Qualcomm , Modi's office said in a statement on Saturday.
Qualcomm (QCOM) shares declined Friday following news Chinese regulators have opened an antitrust investigation of the chipmaker's June purchase of Israel-based car safety semiconductor manufacturer Autotalks.
China's State Administration for Market Regulation (SAMR) has launched an antitrust investigation into Qualcomm Inc (NASDAQ:QCOM, ETR:QCI) related to the US chipmaker's acquisition of Israeli vehicle semiconductor company Autotalks, citing concerns that the company may have failed to properly declare the transaction under Chinese anti-monopoly law. The reportedly probe focuses on whether Qualcomm followed regulatory filing procedures during its purchase of Autotalks, which was completed in June 2025.
Beijing's move against the San Diego chip giant is the latest in a two-day barrage of actions targeting the U.S.
The chip maker is under investigation by China's State Administration for Market Regulation.
China's State Administration of Market Regualtion (SAMR) said that Qualcomm is suspected of violating the country's anti-monopoly law in regards to its acquisition of Israeli firm Autotalk. Shares of Qualcomm were down around 2.8% in premarket trade.
China has initiated an investigation into U.S. semiconductor manufacturer Qualcomm, the country's market regulator said on Friday.
Qualcomm (QCOM) closed the most recent trading day at $167.77, moving +1.4% from the previous trading session.
Qualcomm is fighting a 480 million-pound ($646.8 million) London lawsuit brought on behalf of smartphone owners, which alleges the chipmaker has abused its dominant position to force Apple and Samsung to pay inflated royalties.
Over the past ten years, Qualcomm (NASDAQ:QCOM) has distributed an impressive $87 billion to its shareholders in the form of cash through dividends and buybacks. Behind the cash machine lies Qualcomm's dual powerhouses — its technology licensing juggernaut that almost every wireless player depends on, and its mobile chipset franchise that remains the standard-bearer for the industry.
Qualcomm (QCOM) concluded the recent trading session at $168.85, signifying a +1.42% move from its prior day's close.
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