Will Qualcomm Get China’s Approval for NXP Acquisition This Time?
In the previous part of the series, we saw that Qualcomm (QCOM) has been looking to acquire NXP Semiconductors (NXPI) since October 2016 in order to diversify into the fast-growing markets of automotive and IoT (Internet of Things). Qualcomm cleared all the hurdles and secured all necessary approvals for the deal except for approval from China’s Mofcom (Ministry of Commerce). Given the good relations between Qualcomm and China, this didn’t seem like a difficult task.