Qualcomm-NXP deal faces moment of truth with China ‘Yes’ or ‘No’

0
50
Loading...
By: Bloomberg |
Published: July 23, 2018 9:54:08 pm


Qualcomm is at the end of a nearly two-year wait for China’s government to sign off on its billion purchase of NXP Semiconductors NV (Image Source: Bloomberg)

The semiconductor industry’s largest-ever deal will be dead or done by the middle of the week. Qualcomm Inc. is at the end of a nearly two-year wait for China’s government to sign off on its $44 billion purchase of NXP Semiconductors NV. Because the companies both operate in the world’s largest market for chips, the merger requires approval even though shareholders and other governments have already given it the go-ahead. It’s the last remaining hurdle since the acquisition was announced in October 2016.

Chinese agencies responsible for vetting deals have already signed off, people familiar with the steps have said. The final…

Read More

SHARE

LEAVE A REPLY

Please enter your comment!
Please enter your name here