Heads up! 🌟 China's top market regulator, the State Administration for Market Regulation (SAMR), just announced that its probe into Qualcomm's unapproved acquisition of Autotalks is routine.
Back in March 2024, SAMR told Qualcomm to pause the deal and file for review because it smelled a potential anti-competitive effect. Qualcomm nodded yes, saying they'd ditch the deal… but then secretly closed it in June 2025. 😲
After fresh complaints, SAMR dug deeper and found Qualcomm knowingly broke the rules. Now, they've formally kicked off an investigation under China's anti-monopoly law.
This isn't just about one chip deal. It highlights how the world's two biggest economies—China and the U.S.—are locked in a high-stakes dance. From semiconductors to green energy, neither side can go solo. 🔄
Even as China pushes for tech self-reliance, it keeps doors open for cooperation that fuels global innovation and stable supply chains. The message? Compete, but don't cut the ties. 🤝
Reference(s):
cgtn.com
