China Set to Approve Qualcomm Purchase of NXP Semiconductors

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Chinese language authorities are set to approve

Qualcomm
Inc.’s

QCOM 1.49%

deliberate $44 billion acquisition of Netherlands-based

NXP Semiconductors

NXPI four.74%

NV within the subsequent few days, folks aware of the matter stated, in what could be one other important step towards easing frayed U.S.-China commerce relations.

China’s State Administration for Market Regulation, which has been conducting the antitrust assessment, will maintain a gathering on the matter Monday, in accordance with the folks. They stated a contingent of Qualcomm’s authorized workforce arrived in Beijing this weekend.

Qualcomm had been ready for Beijing’s approval to proceed with the acquisition of the Dutch firm, having secured permission from the eight different main antitrust regulators world wide.

Approval would take away the final hurdle for a deal that has been caught for months amid U.S.-China commerce tensions, however one of many folks stated it may include circumstances.

The doubtless approval comes because the Trump administration is battling Congress to roll again penalties on Chinese language telecommunications big ZTE Corp., and as U.S. Commerce Secretary

Wilbur Ross

prepares to steer an interagency delegation to Beijing beginning June 2, the place he’s set to satisfy China’s chief financial envoy, Liu He.

Yang Jie

contributed to this text.

Write to Yoko Kubota at yoko.kubota@wsj.com and Lingling Wei at lingling.wei@wsj.com



Supply hyperlink – https://www.wsj.com/articles/china-set-to-approve-qualcomm-purchase-of-nxp-semiconductors-1527333552?mod=pls_whats_news_us_business_f

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