Qualcomm is expecting to meet this week in Beijing with China’s antitrust regulators in a final push to secure clearance for its proposed US$44 billion acquisition of NXP Semiconductors NV, three sources told Reuters.
The acquisition has been caught in the crosshairs of rising US-China trade tensions, with sources saying an approval would depend on the progress of broader bilateral talks. The deal has got a nod from eight of the nine required global regulators, with Chinese clearance the only one pending.
Qualcomm is likely to meet Chinese regulators before US Commerce Secretary Wilbur Ross arrives in China on Saturday, the sources briefed on Qualcomm’s discussions said.
Full Content: Reuters
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