Core Viewpoint - Qualcomm is under investigation by China's State Administration for Market Regulation for failing to legally declare its acquisition of Israeli chip company Autotalks, which allegedly violates China's Anti-Monopoly Law [1][4]. Group 1: Background of the Investigation - The acquisition of Autotalks by Qualcomm was first announced in May 2023 and completed in June 2025, but it has faced scrutiny from multiple antitrust regulators globally [3]. - The UK's Competition and Markets Authority investigated the acquisition in September 2023, and the U.S. Federal Trade Commission raised concerns in March 2024 about potential harm to the V2X chip market, leading Qualcomm to temporarily abandon the deal [3]. Group 2: Market Impact - Following the announcement of the investigation, Qualcomm's stock price fell nearly 3% in pre-market trading, while Apple's stock dropped by 4% [4]. - The investigation reflects ongoing tensions in U.S.-China trade relations, with the U.S. government maintaining a hardline stance against China in trade and technology sectors [4][5]. Group 3: Regulatory Context - The investigation is seen as a necessary action by Chinese regulators to uphold market competition and protect the health of related industries, particularly concerning the potential monopolization of V2X technology by Qualcomm [5][6]. - The U.S. government's recent trade policies, including proposed tariffs and export controls, may exacerbate the situation, potentially framing the investigation as part of broader U.S.-China tensions [5][6].