China's State Market Regulatory Administration (SAMR) has launched a series of investigations into several reported cases of price collusion in the automotive chip sector, SAMR said on its official website on Tuesday.
Due to various concerns in the automotive chip market, such as overpricing of products, SAMR has launched an investigation into suspected automotive chip dealers and companies, according to the statement, according to relevant surveillance data and market reports.
SAMR also pledged to continue to track prices of critical products, including chips, to regulate the market environment. Among other things, SAMR will strengthen market surveillance and will “severely punish illegal commercial activities such as hoarding of goods, overpricing and collusion.”
