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Qualcomm wins conditional approval of NXP takeover from EC, KFTC

2018-01-18 16:45:00| Telecompaper Headlines

(Telecompaper) Qualcomm announced that it's received regulatory clearance from the European Commission and the Korea Fair Trade Commission for its proposed takeover of NXP Semiconductors. The competition regulators cleared the deal after Qualcomm agreed to separate some of NFC activities from the business. Qualcomm still needs approval in China, as well as backing from NXP shareholders, to complete the takeover first announced over a year ago. 

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