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EU launches in-depth probe into Qualcomm takeover of NXP

Monday 12 June 2017 | 08:59 CET | News
The European Commission has opened an in-depth investigation into Qualcomm's proposed acquisition of Netherlands-based NXP Semiconductors on concerns the deal could lead to higher prices, less choice and reduced innovation in the semiconductor industry. In its statement, the EU antitrust regulator said the newly merged entity would hold strong market positions with both baseband chipsets and chips for near-field communications (NFC), giving the company the incentive to exclude rival suppliers from the market through bundling or tying, and even modify NXP's current intellectual property

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Categories: Mobile & Wireless
Companies: European Commission / NXP Semiconductors / Qualcomm
Countries: Europe
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