Overview

• China’s State Administration for Market Regulation launched a formal investigation into Qualcomm’s purchase of Israeli chip designer Autotalks.
• Qualcomm shares fell roughly 2.8% to 3% in premarket trading following the announcement.
• The acquisition closed in June after earlier delays, and Autotalks designs vehicle-to-everything communications chips focused on road safety.
• Qualcomm did not immediately respond to requests for comment on the probe.
• The action follows recent Chinese moves targeting U.S. tech firms, including an Nvidia antitrust case and tighter rare earth export controls, with tensions building ahead of an expected Trump–Xi meeting at the APEC summit in South Korea.