The European Union’s competition watchdog may not decide on the fate of Qualcomm Inc.’s US$38 billion buyout of NXP Semiconductors NV until next year, according to comments made Wednesday, November 15, by European Commissioner for Competition Margrethe Vestager.
People familiar with the matter told Reuters in October that Qualcomm has offered to buy NXP without some of its patents in a bid to win EU antitrust regulatory approval. The deal, the biggest-ever for the semiconductor industry, would make Qualcomm the leading supplier to the fast-growing automotive chips market.
Full Content: Reuters
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