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Qualcomm is focus of antitrust investigation in China

Qualcomm Inc., the world's largest maker of chips for smartphones, said the Chinese government was investigating the company related to an anti-monopoly law.

China's National Development and Reform Commission has advised that specific details of the investigation are confidential, Qualcomm said Monday in a statement. The San Diego company said it wasn't aware of any charge by the agency that it violated the anti-monopoly law. The Chinese government has been stepping up corporate scrutiny recently, as new leadership expands an anti-corruption drive and cracks down on business practices that lead to increases in consumer prices.

Qualcomm gets revenue from chip sales and collects...

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