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China: Gov stil reviewing Qualcomm-NXP deal

 |  June 3, 2018

China’s markets regulator said it is still reviewing Qualcomm proposed US$44 billion acquisition of NXP Semiconductors and is in talks with Qualcomm about ways to eliminate negative impact from the deal, reported Reuters.

The State Administration for Market Regulation (SAMR) is conducting the antitrust review in a fair and open way, the regulator said in a faxed response to a Reuters request for comment.

The Qualcomm merger of NXP has been approved by eight of nine required global regulators, with Chinese clearance the only one pending.

The US chipmaker, which initially announced its bid for the Dutch semiconductor company in October 2016, refiled its application to Chinese authorities for the second time in April.

“SAMR is currently conducting an antitrust review of the case of Qualcomm’s equity acquisition of NXP, and is in discussions with Qualcomm on how to eliminate the negative effects created by this deal,” the regulator said.

Full Content: Reuters

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