WSJ: Qualcomm to get European approval to purchase NXP for $39 billion

  • Qualcomm, the company that designs the Snapdragon mobile chipsets used on the majority of smartphones, is expected to be given approval today from European Anti-trust regulators to proceed with its $ 39 billion purchase of semiconductor manufacturer NXP. In order to obtain this approval, Qualcomm had to agree to certain conditions. For example, the San Diego based company cannot buy NXP’s standard essential patents, and Qualcomm had to promise that rival products will still work with NXP’s.

    The deal was originally proposed by Qualcomm back in October 2016, and this past November Qualcomm …

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