Qualcomm faces antitrust probe in China; shares fall

Investing.com -- China has launched an investigation into Qualcomm Incorporated (NASDAQ: QCOM) for suspected violations of anti-monopoly law, Bloomberg reported on Friday, citing the State Administration for Market Regulation.

The Chinese market regulator is examining whether the U.S. chipmaker has engaged in practices that violate the country’s competition regulations.

Qualcomm shares fell more than 3% in pre-market trading.

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