Memory FAQs
 
Home
News
Products
Shop
Memory
Corporate
Contact
 

News
Industry News
Publications
CST News
Help/Support
Member Area
Tester Brochure
Demo Library
Software
Tester FAQs

biology medicine news product technology definition

Monday, July 23, 2018
Memory Industry News
Email ArticlePrinter Format PreviousNext

China delays Qualcomm's bid for NXP


Monday, April 16, 2018

China’s regulatory process is reportedly causing a delay to Qualcomm’s bid to purchase NXP Semiconductors for a potential amount of $44 billion as well as Toshiba’s proposal to sell its chip business to a Bain Capital-led consortium for $19 billion, recent reports suggest. It is understood that the turbulent trade relationship between the United States and China have been prolonging the Chinese regulatory reviews over the two negotiations. This is despite the assurance made last month by Wang Qishan, the Vice President of the People’s Republic of China, that Qualcomm’s acquisition bid will be spared from political issues.

This is not the first time, though, that Qualcomm’s NXP acquisition proposal has been stalled by China’s regulatory reviews. Last February, Qualcomm extended its offer to purchase the Dutch chip maker as the American semiconductor manufacturer awaited final approval of the deal from China. A month later, the same fate befell the merger offer amid Broadcom’s growing ambition to buy Qualcomm. Also earlier this month, Qualcomm announced yet another extension to the deadline for its bid to acquire NXP. The delays are understood to be due to Beijing’s increasing effort to pressure Qualcomm to agree to more economic protections for Chinese companies.

China has jurisdiction over the deal because both Qualcomm and NXP conduct business in the country on a significant scale. For the same reason, the bid also underwent review by authorities in South Korea, European Union, and other locations where both companies operate. Nonetheless, the merger proposal already received a go signal from regulators in the other countries. In April last year, the antitrust regulators in the United States approved Qualcomm’s acquisition of NXP, allowing the company to move forward with the deal without any regulatory restraints in the future. Last January, the European Commission and Korea Fair Trade Commission approved Qualcomm’s proposed purchase of NXP, leaving China as the only remaining country that has yet to greenlight the transaction. However, Qualcomm Chief Executive Officer Steve Mollenkopf said at the time that he was “optimistic” about the prospect that Beijing will someday clear the deal, though the firm has yet to provide a new timeframe for the completion of one of the biggest acquisitions in the tech industry.

By: DocMemory
Copyright © 2018 CST, Inc. All Rights Reserved

Email ArticlePrinter Format PreviousNext
Latest Industry News
China to dominate global EV market7/20/2018
ASML to ship 50 EUV systems by 20197/20/2018
Investor funds U.K. software startup on record-and-replay technology7/20/2018
China-based memory plants to start production7/20/2018
Nanya see continue growth on DRAM7/19/2018
Commercial aircraft market hesitates on upcoming tarrif 7/19/2018
TI fires two month CEO for personal misconduct7/19/2018
Google fined $5 billion for forcing phone manufacturers to install Android7/19/2018
Samsung has developed a new mobile DRAM solution optimized for 5G network and AI7/18/2018
TSMC expects revenue growth through Q47/18/2018

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2018 CST, Inc. All Rights Reserved