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Benzinga
Benzinga
Business
Anusuya Lahiri

Why Is China Against Qualcomm's Autotalks Acquisition?

Qualcomm's BMW Partnership

Qualcomm (NASDAQ:QCOM) stock dropped on Friday after reports indicated China has launched an antitrust investigation into the company’s recent acquisition of Israeli firm Autotalks.

The move signalled increased regulatory scrutiny on U.S. tech firms ahead of a key summit between Presidents Donald Trump and Xi Jinping.

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