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Qualcomm-NXP Semiconductors merger deal gets China antitrust approval

Chinese regulators have approved Qualcomm Inc's proposed merger with NXP Semiconductors.


Reuters Last Updated at 15 Jun 2018, 04:06 IST China
Qualcomm-NXP Semiconductors merger deal gets China antitrust approval
  • The decision by China's Ministry of Commerce clears a months-long antitrust roadblock. (Image Credit: Flickr)

Chinese regulators have approved Qualcomm Inc's proposed merger with NXP Semiconductors, South China Morning Post reported on Thursday, citing people with knowledge of the matter.

The decision by China's Ministry of Commerce clears a months-long antitrust roadblock caused by trade tensions between the United States and Beijing and will allow the takeover to proceed, SCMP reported.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY :
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