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Qualcomm to refile China antitrust application for $44 billion NXP takeover - sources

Reuters  |  BEIJING 

By Matthew MillerBEIJING (Reuters) - U.S. chipmaker Qualcomm will refile as early as Monday an application with the Chinese government to clear its $44 billion takeover of NXP Semiconductors, sources said, giving regulators more time to decide on the deal and averting a collapse. The San Diego-based firm withdrew its earlier antitrust application on Saturday at the request of China's commerce ministry, just days before the regulator's April 17 deadline to decide on the transaction expires, the sources said.Clinching the NXP takeover, the world's biggest in the semiconductor sector, is crucial ...

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First Published: Mon, April 16 2018. 12:55 IST