Core Viewpoint - Qualcomm is under investigation by China's State Administration for Market Regulation for allegedly failing to legally declare its acquisition of Autotalks, which may violate the Anti-Monopoly Law of the People's Republic of China [1][2]. Group 1: Acquisition Details - Qualcomm announced on May 8, 2023, that its subsidiary Qualcomm Technologies, Inc. reached an acquisition agreement with Autotalks, initially valued at $350 million [1]. - The acquisition faced delays due to U.S. regulatory approvals and was completed on June 5, 2025, with plans to integrate Autotalks' products into Qualcomm's Snapdragon digital chassis [1]. - Autotalks, established in 2008, specializes in V2X communication technology, which enhances road safety and transportation efficiency by enabling direct communication between vehicles and their environment [1]. Group 2: Regulatory Context - Autotalks has been actively expanding its V2X market presence in China and has already been adopted by at least two Chinese automotive manufacturers, necessitating Qualcomm to seek regulatory approval for the acquisition [2]. - The investigation into Qualcomm's acquisition is deemed legal and compliant, with potential consequences including fines or the requirement to divest parts of Autotalks' business [2]. Group 3: Previous Investigations - This marks Qualcomm's second antitrust investigation in China; the first occurred in February 2015, resulting in a fine of 6.088 billion yuan for abusing its market dominance [3]. - The current issue revolves around procedural compliance, as Qualcomm completed the transaction without submitting the required declaration to Chinese authorities, which is mandatory when certain thresholds are met [3].