China regulator targets auto chip distributors with price-gouging probe
The Hindu
The firms were suspected of driving up prices, based on price monitoring and reporting clues, it added in its statement, and vowed to investigate and punish illegal acts such as hoarding, price-gouging and collusion.
China's regulatory agency is launching an investigation into chip distributors in the auto industry, it said on Tuesday, citing suspicions of price gouging. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) The action by the State Administration for Market Regulation (SAMR) is the latest in a regulatory crackdown over the past year that has targeted a range of companies and industries as the Chinese government clamps down on industry.
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