A PYMNTS Company

China: Regulator passes Qualcomm’s JV

By  |  May 6, 2018
China: Regulator passes Qualcomm’s JV

Qualcomm’s proposed joint venture with Datang Telecom and Beijng Jianguang Asset Management (JAC) to manufacture chipsets in China has received a greenlight from China’s antitrust regulator, the Wall Street Journal reported, citing sources. The joint venture was announced in May 2017. Qualcomm said at the time that Datang and JAC would together hold a majority share of over 50%, with Qualcomm as the tech support.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The sources said that the idea would be for the joint venture to compete against companies producing processors for low-cost smartphones, including China’s Spreadtrum Communications. Qualcomm and Chinese antitrust regulators didn’t immediately respond to requests for comment. A Datang representative declined to comment.

    The approval came as a US delegation wrapped up its two-day meeting with Chinese officials in Beijing in an attempt to resolve US claims over unfair trade practices, many of which focus on the technology sector.

    Qualcomm is still waiting for approval from China’s antitrust regulator for its planned US$44 billion acquisition of NXP Semiconductors.

    Full Content: Wall Street Journal

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.