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Qualcomm stock yawns at China investigation

Investors unworried about anti-monopoly rumblings

Stock of Qualcomm rose 1.6 percent yesterday, November 26, despite Monday's revelation that a Chinese government agency is investigating the chip-maker under the country's anti-monopoly laws.

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Qualcomm CEO Paul Jacobs said Monday that U.S. restrictions on Chinese companies and revelations about the National Security Agency are affecting Qualcomm's business in China, according to the Wall Street Journal.

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Stock of Qualcomm rose 1.6 percent yesterday, November 26, despite Monday's revelation that a Chinese government agency is investigating the chip-maker under the country's anti-monopoly laws.

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Qualcomm CEO Paul Jacobs said Monday that U.S. restrictions on Chinese companies and revelations about the National Security Agency are affecting Qualcomm's business in China, according to the Wall Street Journal.

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