Qualcomm Still Doesn’t Know Why It’s Under Investigation in China
In an interview at the Consumer Electronics Show on Wednesday, Qualcomm (NASDAQ:QCOM) CEO Paul Jacobs said the company still isn’t sure why it’s under an antitrust investigation in China.
“We really don’t know yet,” Jacobs told Reuters regarding China’s reasoning behind the investigation, launched in November. Qualcomm has provided China’s National Development and Reform Commission with the requested documents and is waiting to hear what comes of the investigation.
Qualcomm said it’s unaware of any antitrust violations by its Chinese operations, but Jacobs speculated a little about what the possible reasons for the investigation could be. “We’re good with the operators because we help the operators out a lot,” Jacobs said to Reuters. “China has a couple of chipset manufacturers that just got bought by a government university so there are all sorts of dynamics going on.”
He added: “I wouldn’t single out any particular company at this point, but we definitely have friends and we definitely have companies that we know are more antagonistic.”