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Qualcomm set to win conditional Japanese antitrust nod for NXP deal: Source

Qualcomm, which supplies chips to Android smartphone makers and Apple, wants to become the leading supplier to the automotive chips market via the NXP purchase

Reuters  |  Brussels 

US smartphone chipmaker Qualcomm is set to win "imminent" Japanese antitrust clearance for its $38 billion bid for NXP Semiconductors and gain Europe's approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said. Winning the green light from both competition authorities would take Qualcomm a major step forward to closing the deal and reinforce its fight against an unsolicited $103 billion takeover bid from Broadcom. The Japan Fair Trade Commission (JFTC) "is expected to clear Qualcomm's acquisition of NXP ...

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First Published: Mon, November 20 2017. 02:27 IST