Qualcomm To Hold Talks With China Regulators In A Bid To Clear $44 Billion NXP Deal

Qualcomm wants to acquire NXP Semiconductorsand that is the reason it is pushing for the clearance of the $44 billion proposal. In the course of this week it will hold a meeting in Beijing with China’s antitrust regulators and it will be a major step forward if the $44 billion acquisition proposal will be cleared.

Recent developments

The passage of time has witnessed the U.S.-China trade tensions escalate. Several trusted sources have outlined that the progress of broader bilateral talks will be a major determining factor on whether or not the deal will be approved. But it is a great sign that so far the deal has gotten a node from about eight of the nine required global regulators. The only one pending at the moment is the Chinese clearance.

Wilbur Ross, the U.S. Commerce Secretary, will pay China a visit on Saturday. The Chinese regulators and Qualcomm are expected to meet up shortly before that. ZTE Corp might soon be going back into business according to a statement released recently by the Trump administration. It was also disclosed that the Chinese telecommunications company had expressed its willingness to pay a $1.3 billion fine as well as implement several changes to its overall management.

The ban

The resolution of the ZTE sales ban is being seen by many as of paramount importance especially to the leadership of China. It was way back in April that the firm got banned from making the purchases of the U.S. technology components. It had been a ban stretching for over a period of seven years and it had to do with the violation of the U.S. sanctions against North Korea and Iran.

Qualcomm’s president, Cristiano Amon, visited China in the previous week. It was in the southwest province of Guizhou that the big data industry expo was conducted and he said that he had come to discover a lot of related crucial matters.

QUALCOMM, Inc has met several challenges along the way, just as is the case with the rest of the progressive companies round the globe. However, it is hoping for a brighter future.

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