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.
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.
Featured News
EU’s Incoming Competition Head Pushes for Policy Shift to Support ‘European Champions
Sep 19, 2024 by
CPI
Google Challenges $217 Million Legal Fee Demand in Privacy Case
Sep 19, 2024 by
CPI
EU Moves to Enforce Apple’s Compliance with New Market Rules
Sep 19, 2024 by
CPI
California Attorney General Bonta Stands Firm Against Albertsons-Kroger Merger
Sep 19, 2024 by
CPI
New FTC Report Highlights Privacy Risks in Social Media Data Use
Sep 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández