Qualcomm, the chipmaker whose products are found in numerous mobile phones, is facing trouble in China.
China's National Development and Reform Commission (NDRC), an antitrust regulator in the country, said Wednesday that Qualcomm is under investigation for possible overcharging and using its position of "dominance" in the marketplace to limit competition. Reuters earlier reported on the news.
That China has been investigating Qualcomm has been known for months, but until this point, the agency has kept its allegations close to the vest. In November, Qualcomm said that it planned to fully cooperate with government authorities.
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