Why autotalks Is Trending Today?

Qualcomm has acknowledged that it did not inform Chinese authorities about its acquisition of Autotalks, a move that has drawn criticism and led to a stock price drop. The Chinese government is now investigating Qualcomm for potential antitrust violations related to this acquisition, which could potentially violate anti-monopoly laws.

Qualcomm, the American multinational semiconductor company, has reportedly admitted to acquiring Autotalks, an Israeli chipmaker, without informing Chinese market regulators. This revelation has sparked an antitrust probe threat against Qualcomm in China, with the country's market regulator stating that the company acknowledged the omission. The acquisition, which was finalized without notifying the relevant authorities, has drawn scrutiny from both Chinese and international media outlets, potentially leading to a new scandal in the ongoing trade tensions between China and the United States.