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NXP shares jump after report China resumes Qualcomm deal review


By Arjun Panchadar(Reuters) - NXP Semiconductors NV's shares jumped as much as 11.7 percent on Monday after a report that China has resumed review of U.S. chipmaker Qualcomm Inc's proposed $44 billion buyout of the Dutch semiconductor company.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, citing people familiar with the matter.The report said local firms are concerned that the deal would extend Qualcomm's patent licensing business into areas such as mobile ...

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First Published: Mon, May 14 2018. 21:16 IST