Jan 21, 2018 - 02:45 pm

Qualcomm’s acquisition of NXP a done deal soon

Qualcomm got the green light from the EU Commission for the take over of NXP Semiconductors subject to a series of commitments. The Korea Fair Trade Commission also agreed so that Qualcomm now got permission from 8 of 9 antitrust regulators.

Only China has not yet granted its approval of the merger that shall position Qualcomm as market leader for chips in the automotive industry with the largest such deal ever made in the semiconductor industry.

NXP is based in the Netherlands and one of the biggest competitors for U.S. Qualcomm. The company remains positive that China’s approval will follow soon, especially as it made concessions to the EU regulators to ensure interoperability and security of its services.

Qualcomm is also actively driving the market for inductive charging technologies. For details on the Halo tech and their next steps for a global roll-out, see the video interview with Qualcomm’s VP for technology below.

reuters.com, qualcomm.com

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Found on electrive.com
https://www.electrive.com/2018/01/21/qualcomms-acquisition-nxp-done-deal-soon/
21.01.2018 14:35