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China resumes Qualcomm-NXP deal review: Bloomberg

Reuters  |  BEIJING 

BEIJING (Reuters) - China has resumed its review of U.S. chipmaker Qualcomm Inc's proposed $44 billion takeover of NXP Semiconductors NV, Bloomberg reported on Monday, citing unidentified sources. China's commerce ministry has been asked to speed up the review of the deal and Qualcomm's proposed remedies to protect local companies, Bloomberg reported, adding local firms have voiced worries the deal would extend Qualcomm's patent licensing business into areas such as mobile payments and autonomous driving.It did not say who has asked the ministry to speed up the review, or what Qualcomm has ...

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First Published: Mon, May 14 2018. 10:51 IST