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Qualcomm Receives Authorization from EC, KFTC for NXP Semiconductors Acquisition

Acquisition has now received eight of nine approvals around the world, with China remaining.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Qualcomm Incorporated announced that the European Commission (EC) and the Korea Fair Trade Commission (KFTC) authorized the acquisition by Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, of NXP Semiconductors N.V. The acquisition has now received eight of nine approvals around the world, with China remaining.   Qualcomm cooperated with the Commission and the KFTC and agreed to all conditions required by the agencies to obtain their authorization. Qualcomm committ...

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