12:20 PM EDT, 10/10/2025 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph, and includes the company's response in the third paragraph.)

Qualcomm ( QCOM ) shares were down over 4% in recent Friday trading after China's State Administration for Market Regulation said the company will face an antitrust probe over its recent acquisition of Autotalks, an Israel-based fabless semiconductor company that specializes in vehicle-to-everything communications.

The investigation will focus on whether the US chipmaker breached China's anti-monopoly law in connection with some aspects of the deal, according to the regulator.

A Qualcomm ( QCOM ) spokesperson told MT Newswires that the company is cooperating with the Chinese regulator and remains committed to supporting the growth of its customers and partners.

Price: 158.35, Change: -7.31, Percent Change: -4.41