Core Viewpoint - Qualcomm is under investigation by China's market regulatory authority for allegedly failing to report its acquisition of Autotalks, which may violate the Anti-Monopoly Law of the People's Republic of China [1][4]. Group 1: Acquisition Details - Qualcomm announced the acquisition of Autotalks on May 8, 2023, but did not disclose the transaction price [3]. - The acquisition raised concerns among multiple countries' antitrust regulators, leading to a temporary halt due to regulatory delays [3]. - The UK's Competition and Markets Authority (CMA) is investigating whether the acquisition could harm competition in the UK market [3]. - The U.S. Federal Trade Commission (FTC) expressed concerns about potential harm to the V2X chip market, prompting Qualcomm to abandon the acquisition [3][4]. Group 2: Regulatory Context - The acquisition has not yet received approval from China's antitrust regulatory authority, as indicated by the recent investigation announcement [4]. - According to the State Council's regulations on operator concentration, companies must report if their combined global revenue exceeds 12 billion RMB, or if their combined revenue in China exceeds 4 billion RMB [5]. - The regulatory framework allows for investigation even if the concentration does not meet the reporting thresholds if there is evidence of potential anti-competitive effects [5]. Group 3: Implications of the Acquisition - Autotalks specializes in V2X communication technology for autonomous and connected vehicles, and its products support key global communication standards [4]. - The acquisition is seen as a strategic move by Qualcomm to enhance its V2X solutions, which are crucial for improving road safety [4]. - Experts suggest that if Qualcomm were to exclusively acquire Autotalks' technology, it could negatively impact the related technology market and the smart automotive chip industry [6].