Close
Close

Published

Qualcomm fights on several fronts to save its crucial NXP deal

More woes for Qualcomm as the European Union competition authority suspended its investigation into the US company’s planned acquisition of The Netherlands’ NXP Semiconductors. The process should be restarted once the parties provide some allegedly missing information, but the delay has sparked speculation that there is deeper trouble ahead for the deal – an acquisition which is hugely important to Qualcomm’s future growth and its ability to rise above current pressures including antitrust probes, rising Chinese competition, slowing smartphone growth, and litigation with Apple. According to Reuters, the delay is because Qualcomm and NXP have not provided sufficient information as requested by the investigators. The regulator had been scheduled to issue its ruling by October 17, but that will now be…

Close