Qualcomm-NXP Deal Appearing Optimistic –Beijing Officials
The massive US $44 Billion deal of Qualcomm towards buying the NXP (Dutch Chipmaker) Semiconductors “NV” is appearing highly optimistic currently, as is quoted by Beijing officials.
The overall shares of NXP have been up by around 5.5 percent ceasing at US $112.52. Similarly, the shares for Qualcomm have also been up by around 1.6 percent, stopping at US $57.86 as calculated in the later morning trades.
The respective Qualcomm-NXP deal has been given approval by 8 of the 9 needed global regulators. The deal required only the MofCom (Ministry of Commerce) in China for continually stalling the takeover amidst the tensions existing between the United States of America & China.
Both NXP & Qualcomm have denied presenting any official statements or comments. Even MofCom has not directly responded to the request for any comment or statement. Relevant sources with proper knowledge of the given matter have reported that the proposed takeover will be yet seeing any solid breakthrough happening around in China.
However, the official regulators in China this week have ended up clearing two major deals –the US $18 Billion worth sale of the chips by Toshiba Corp unit to a particular consortium governed by a private equity firm in the United States named “Bain Capital” and the US $8.35 Billion worth deal by Microchip towards buying Microsemi.
These deal factors happening around in the country appear highly optimistic.