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Morning Post: EU officially approves Qualcomm's acquisition of NXP semiconductor

Time: 2020-05-22 11:37:18

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[technology breakfast]


● EU officially approves Qualcomm's acquisition of NXP semiconductor

The European Commission today formally approved Qualcomm's $38 billion acquisition of NXP semiconductor, after the deal has been questioned by the European Union and assessed whether it would involve monopoly. EU antitrust commissioner said EU authorities will ensure that Qualcomm's acquisition of NXP semiconductor will not prevent consumers from continuing to enjoy these innovative technologies at a reasonable price.

As a condition of this transaction, Qualcomm will abandon the acquisition of standard essential patents related to NFC and some non-standard essential patents of NXP semiconductor, which will be transferred to a third party and granted for three years without royalties globally.

Z comments: NXP's product technology and solutions are applied to the following five market areas: automotive electronics, intelligent identification, home entertainment, mobile phone and personal mobile communication, and


Morning Post: EU officially approves Qualcomm's acquisition of NXP semiconductor
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