EU regulators will decide by June 9 whether to clear smartphone chipmaker Qualcomm’s $38 billion takeover of NXP Semiconductors NV, with rivals voicing concerns about continued access to key NXP technology after the deal.
Qualcomm, which supplies chips to Android phone makers and Apple, would become the leading supplier to the fast-growing automotive chips market by buying NXP in the biggest semiconductor industry deal to date.
Qualcomm sought EU approval on April 28, a filing on the European Commission website showed on Monday.
The EU competition enforcer can either approve the deal with or without concessions or it can open an investigation lasting about five months if it has serious concerns.
Rivals want regulators to ensure they will still have access to NXP technology known as Mifare which is embedded in access cards for buildings and public transport, as well as mobile phones which double as electronic wallets, people familiar with the matter said.
Full Content: Fortune
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
FCC Votes to Restore Net Neutrality Rules
Apr 25, 2024 by
nhoch@pymnts.com
Apple Rejects Spotify’s Updated App Over In-App Pricing Disclosure
Apr 25, 2024 by
CPI
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI