Qualcomm(US:QCOM) Zhong Guo Ji Jin Bao·2025-10-12 08:43Core Viewpoint - The State Administration for Market Regulation (SAMR) has initiated an antitrust investigation against Qualcomm for allegedly violating the Anti-Monopoly Law of the People's Republic of China [2][3]. Group 1: Investigation Background - The investigation is part of SAMR's routine enforcement of the Anti-Monopoly Law [3]. - In May 2023, Qualcomm announced its acquisition of Autotalks. Following a report, SAMR assessed the transaction and found evidence suggesting it could restrict competition, even though it did not meet the reporting threshold [3]. - On March 12, 2024, SAMR formally notified Qualcomm to submit a report regarding the acquisition, stating that the transaction could not proceed without approval [3]. Group 2: Transaction Details - Qualcomm abandoned the acquisition on March 14, 2024, after receiving the notification from SAMR [3]. - Despite not submitting a report or communicating with SAMR, Qualcomm completed the acquisition of Autotalks in June 2025 [3]. - SAMR confirmed the facts of the case after receiving a report and Qualcomm's acknowledgment of the situation, leading to the formal investigation into Qualcomm's unlawful implementation of the business concentration [3]. Group 3: Future Actions - SAMR will continue to conduct the investigation based on principles of legality, regulation, objectivity, and fairness [3].