China investigates chip hoarding as carmakers continue to struggle amid global semiconductor shortage

Source: China – South China Morning PostChina’s antitrust watchdog has launched an investigation into car chip distributors suspected of hoarding critical semiconductors to intentionally drive up prices amid a global chip shortage that has already led to rising prices.The State Administration of Market Regulation (SAMR) made the announcement on Tuesday, saying it would continue to pay close attention to the market price of important commodities, including chips, and severely punish illegal actions such as hoarding and market…Read More

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