China regulators Accept Qualcomm-NXP Semi-conductors merger deal: SCMP

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© Reuters. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego&Replicate; Reuters. FILE PHOTO: A sign on the Qualcomm campus is seen in North Park

(Reuters) – Chinese regulators have approved U.S. chip maker Qualcomm Inc’s (O:-RRB- proposed $44 billion merger bargain with NXP Semiconductors (O:-RRB-, South China Morning Post reported Thursday, citing people with knowledge of the issue.

Your choice by China’s Ministry of Commerce clears a months-long antitrust road-block brought on by trade tensions among the usa and Beijing and certainly will permit the takeover to move, SCMP claimed.

With the green signal from China’s Ministry of Commerce, the deal has been authorized with nine required global regulators.

Qualcomm in the beginning announced its bidding to get Dutch semi conductor corporation NXP semi conductors in October 20-16.

Qualcomm wasn’t immediately reachable for comment.

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