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Qualcomm-NXP ruling may be in 2018 - EU competition commissioner

Published 15/11/2017, 11:09
© Reuters. FILE PHOTO: A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion, in San Diego
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BEIJING (Reuters) - A ruling on Qualcomm Inc's (O:QCOM) proposed $38 billion (£28.8 billion) acquisition of NXP Semiconductors NV (O:NXPI) may come in 2018, European Commissioner for Competition Margrethe Vestager said on Wednesday.

© Reuters. FILE PHOTO: A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion, in San Diego

People familiar with the matter told Reuters in October that Qualcomm has offered to buy NXP without some of its patents in a bid to win EU antitrust regulatory approval. The deal, the biggest-ever for the semiconductor industry, would make Qualcomm the leading supplier to the fast-growing automotive chips market.

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