Core Viewpoint - Qualcomm is under investigation by the 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]. Group 1: Acquisition Details - Autotalks, founded in 2008, is a fabless semiconductor company specializing in V2X communication products and was the first to launch a dedicated V2X chipset supporting major global communication standards [5]. - Qualcomm announced its intention to acquire Autotalks in May 2023, aiming to integrate V2X technology into its Snapdragon Digital Chassis platform, thereby expanding its automotive electronics portfolio [5]. - The acquisition faced scrutiny from multiple regulatory bodies, including the EU, UK, and US, due to concerns over automotive communication security and competition in wireless spectrum usage [5]. Group 2: Acquisition Outcome - Qualcomm initially terminated the acquisition plan in 2024 but resumed negotiations and completed the transaction in June 2023, incorporating the Autotalks team into its automotive business unit [6]. - The final acquisition price was reported to be between $80 million and $90 million, significantly lower than the initial estimates of $350 million to $400 million [6]. Group 3: Market Reaction - Following the announcement of the investigation, Qualcomm's stock price fell nearly 3% in pre-market trading [7].