GLOBAL TRADE
Qualcomm to push China for NXP merger nod
Beijing — US firm Qualcomm is expecting to meet China’s antitrust regulators this week in Beijing in a final push to secure clearance for its proposed $44bn acquisition of Dutch company NXP Semiconductors, sources say. The acquisition has been caught in the crosshairs of rising US-China trade tensions, with sources saying an approval would depend on the progress of broader bilateral talks. The deal has received a nod from eight of the nine required global regulators, with Chinese clearance the only one pending. Qualcomm is likely to meet Chinese regulators before US commerce secretary Wilbur Ross arrives in China this week, the sources briefed on Qualcomm’s discussions said. A Qualcomm team and officials from China’s state administration for market regulation met in Beijing on Friday and had "productive" talks, the sources said. The San Diego-based multinational semiconductor and telecommunications equipment firm is "cautiously optimistic" the deal will go forward, the sources said,...
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