NXP-Qualcomm $44B deal to clear China as Trump authorizes $50B tariffs

The U.S.-China trade battle enters an important new phase. The South China Morning Post is reporting that China’s Ministry of Commerce will clear Qualcomm’s pending $44 billion acquisition of NXP Semiconductors. One independent source also conveyed the same news to TechCrunch, although there has been no official word from Qualcomm, NXP or China at time of publication.

That acquisition was expected to close months ago, but the Chinese government repeatedly delayed its assent to the deal as part of its ongoing fight with the Trump administration over the future of bilateral trade. China’s ministry remained the last competition authority worldwide pending to approve the deal, and presumably it will close rapidly now that antitrust review has been…

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