Core Points - Qualcomm is under investigation by China's State Administration for Market Regulation for failing to legally declare its acquisition of Autotalks, potentially violating the Anti-Monopoly Law of the People's Republic of China [1] - Qualcomm's stock price dropped over 7% following the announcement of the investigation [1] - Qualcomm's acquisition of Autotalks, a company specializing in V2X communication technology, was completed in June this year after facing regulatory scrutiny from the US, UK, and EU [2] Group 1 - Qualcomm's acquisition of Autotalks was initially announced in May 2023 to enhance its position in the connected vehicle and road safety sectors [1] - Autotalks, established in 2008, was the first to launch a dedicated V2X chipset supporting both DSRC and C-V2X standards [1] - The acquisition faced delays and was temporarily halted in March 2024 due to regulatory pressures, with the FTC stating it was necessary to maintain competition in the connected vehicle chip market [2] Group 2 - Qualcomm ultimately completed the acquisition of Autotalks in 2025, paying between $80 million and $90 million, significantly lower than the initially stated $350 million two years prior [2]

Core Viewpoint - Qualcomm is under investigation by China's State Administration for Market Regulation for allegedly failing to report its acquisition of Autotalks, which may violate the Anti-Monopoly Law of the People's Republic of China [2][4]. Group 1: Acquisition Details - Qualcomm announced its acquisition of Autotalks in May 2023 to enhance its position in the vehicle-to-everything (V2X) technology sector, which is crucial for vehicle communication and safety [4]. - Autotalks, established in 2008, is a fabless semiconductor company that supports major global communication standards, including DSRC and C-V2X, which are essential for vehicle communication [2][4]. - The acquisition faced scrutiny from regulatory bodies in the US, UK, and EU, leading Qualcomm to suspend the deal in March 2024 due to delays in obtaining necessary approvals [4]. - Qualcomm eventually completed the acquisition in 2025, paying between $80 million and $90 million, significantly lower than the initially proposed $350 million [4]. Group 2: Financial Performance - Qualcomm's automotive business reported revenue of $984 million in the third quarter of fiscal year 2025, marking a 21% year-over-year increase [2].