Qualcomm to meet China’s regulators in final push for NXP clearance
Category: #world  By Saipriya Iyer  Date: 2018-05-29
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Qualcomm to meet China’s regulators in final push for NXP clearance

Qualcomm, a U.S based semiconductor & telecom equipment firm, is likely to meet Chinese antitrust authorities to seek the approval for its NXP acquisition deal estimated at USD 44 billion. For the record, the deal has already secured the green signal from eight out of nine antitrust regulators except China.

Sources claim that just last week, the officials of Qualcomm from the SAMR (State Administration for Market Regulation) had discussions on the matter that have been termed as ‘productive’. It has been speculated that the U.S. firm will meet the state regulators before the initiation of the trade talks between the U.S. Commerce Secretary and the Chinese government officials on Saturday this week.

In view of reducing the trade disputes between the U.S. and China through the current dialogue, the U.S. based firm believes that the deal is likely to receive the approval from the Chinese administration. Qualcomm is reported to be preparing for filing a new proposal to SAMR with an objective of offering final assurances as well as guarantees.

Some of the experts are of the opinion that the U.S. President’s interest on resolving the issue of the ban on ZTE business operations across the U.S. will influence the decision regarding the pending approval of the Qualcomm-NXP deal by the Chinese authorities.

In April this year, Qualcomm was compelled to refile its application with Chinese antitrust officials for clearing its pact with NXP semiconductors after its talks with the latter failed. However, this month, the Chinese antitrust authorities had given a green signal to the joint venture between Qualcomm & Datang Telecom Technology post one year of the deal announcement. Analysts view the move as a positive indication for the pending approval of the Qualcomm-NXP deal.

Last week, Cristiano Amon, the president of Qualcomm, had attended a big data industry expo exhibition in the Chinese’s Guizhou province and assured the provincial government to provide its technology as well as funds for the market growth in the region.



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Saipriya Iyer

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Saipriya Iyer

Saipriya Iyer develops content for Market Size Forecasters, Algosonline, and myriad other platforms. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her bel...

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