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China Regulators Approve Qualcomm-NXP Semiconductors Merger Deal

CapitalWatch Staff 2018-11-19 14:53 PM
China Regulators Approve Qualcomm-NXP Semiconductors Merger Deal

(Reuters) - Chinese regulators have approved Qualcomm Inc.&`#`39;s (Nasdaq: QCOM) proposed merger with NXP Semiconductors (Nasdaq: NXPI), the South China Morning Post reported on Thursday, citing people with knowledge of the matter.

The decision by China&`#`39;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.