China’s antitrust watchdog announced that Qualcomm admitted to acquiring Israeli automotive chip maker Autotalks without seeking approval. This violation of antitrust laws resulted in a fine of $93.6 million being imposed on Qualcomm by the Chinese regulator. Qualcomm has reportedly acknowledged their mistake and agreed to pay the penalty.

Read more at Investing.com: China says Qualcomm admitted to acquiring Autotalks without informing regulator