FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File Photo
June 14, 2018
(Reuters) – Chinese regulators have approved Qualcomm Inc’s <QCOM.O> proposed merger with NXP Semiconductors <NXPI.O>, South China Morning Post reported on Thursday, citing people with knowledge of the matter.
The decision by China’s Ministry of Commerce clears a months-long antitrust roadblock caused by trade tensions between the United States and Beijing and will allow the takeover to proceed, SCMP reported. (https://bit.ly/2l87thk)
(Reporting by Nikhil Subba in Bengaluru; Editing by James Dalgleish)