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Anti-Monopoly Probes on Qualcomm by the Chinese Government

 (Image source: tablet-news)

Chinese regulators according to the mobile chipmaker QUALCOMM, Inc. (NASDAQ:QCOM) have launched anti-monopoly probes against the company. Many observers believe that China is concerned that Qualcomm is taking substantial market share away from local mobile chipmakers. China will do anything to protect its local industries from foreign competition. News of the probe is dragging Qualcomm shares a bit lower in current trading, about 2 percent. The content of the investigation is not clear at the moment.