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Piper Jaffray Companies
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...

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