China is holding up a $44 billion US tech deal [CNNMoney.com]
NXP Semiconductors N.V. (NXPI)
Last nxp semiconductors n.v. earnings: 4/27 05:00 pm
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Source: CNNMoney.com
China is holding up a $44 billion US tech dealChina is standing in the way of an American computer chip maker completing the second-biggest technology deal in history.Qualcomm's (QCOM) proposed $44 billiontakeover of NXP Semiconductors (NXPI) is being held up by the Chinese government, whose regulatory approval is needed for the deal to go through.China's Ministry of Commerce said Thursday that Qualcomm needs to do more to ensure its takeover of NXP won't give it an unfair advantage over rivals.It said that measures proposed by the San Diego-based company to tackle antitrust concerns "can hardly solve relevant market competition issues."The deal, first announced in October 2016, has been approved by regulators in eight other jurisdictions including the European Union and South Korea. Only China has not yet cleared it on antitrust grounds.Qualcomm, which makes smartphone components forApple (AAPL), Samsung(SSNLF) and big Chinese firms such as Huawei and ZTE (ZTCOF), resubmitted its
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NXPI
Earnings
- 2/5/24 - Beat
NXPI
Sec Filings
- 4/15/24 - Form ARS
- 4/15/24 - Form DEF
- 4/5/24 - Form PRE
- NXPI's page on the SEC website