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Indian Prime Minister Narendra Modi met with Cristiano Amon, the President and CEO of Qualcomm, in New Delhi on Saturday to discuss new partnerships in artificial intelligence, semiconductor production, and the country’s growing technology ecosystem, according to Modi’s office. The meeting came as India continues its push to become a global hub for chip manufacturing and AI innovation. Modi said on X that: “It was a wonderful meeting with Mr. Cristiano R. Amon and discussing India’s strides in AI, innovation and skilling. Great to see Qualcomm’s commitment towards India’s semiconductor and AI missions. India offers unmatched talent and scale to build technologies that will shape our collective future.” Interestingly, the timing of their meeting coincided with an escalating situation abroad. Just a day before, China’s State Administration for Market Regulation (SAMR) launched an antitrust investigation into Qualcomm over its acquisition of Israel’s Autotalks, adding more pressure on the American chip giant as global trade tensions grow. The regulator said the probe would determine whether the company failed to legally disclose aspects of the $ Autotalks deal, which was completed in June after more than two years of reviews. China opens probe as Qualcomm stock falls Qualcomm’s stock had dropped by nearly 6% during Friday’s close after investors freaked out over China’s investigation. The Autotalks deal had been cleared months earlier, but Beijing’s regulators said Qualcomm might have violated China’s antimonopoly law by withholding transaction details. In a statement, the company said it is fully cooperating with the probe and remains “committed to supporting the development and growth of our customers and partners.” It continues to supply chips to Chinese firms such as Xiaomi, even as Washington and Beijing clash over control of semiconductor supply chains. The probe, announced just weeks before high-level U.S.-China meetings, puts the firm squarely in the…

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Filed under: News - @ October 11, 2025 1:24 pm