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China starts review of Qualcomm's refiled bid for NXP

Monday 14 May 2018 | 08:38 CET | News
China's Ministry of Commerce has restarted its review of Qualcomm's bid to buy NXP Semiconductors, Bloomberg reported, citing anonymous sources close to the matter. The move comes after Qualcomm refiled the application last month, offering new remedies as it sought to get the bid approved. Officials at the ministry have been asked to hasten the review and the proposed remedies to protect local companies. The sources noted that approval of the deal is not definite and that reviews could still get delayed again.

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Categories: Mobile & Wireless
Companies: NXP Semiconductors / Qualcomm / ZTE
Countries: China
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