Waiting room

16 Apr 2018 By Robert Cyran Follow @rob_cyran

The chipmaker’s strategy depends heavily on closing its $44 bln NXP deal. A possible trade war leaves Chinese regulators in no mood to approve the U.S. company’s purchase, though. Qualcomm does have one bright spot: its long-running spat with Apple may be coming to a head.

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Qualcomm will refile its application to buy NXP Semiconductors with the Chinese government, Reuters reported on April 16, according to Reuters sources. This will give China’s Ministry of Commerce an additional six months to review the $44 billion deal between the two chipmakers.

On April 16, the Department of Commerce banned U.S. companies from selling components to China’s ZTE for seven years. It said ZTE made repeated false statements to the government and illegally shipped telecommunications gear to North Korea and Iran. Earlier this month, U.S. and China each proposed tariffs on $50 billion of each other’s goods.

Qualcomm initially announced its offer for the Dutch chipmaker in October 2016. In March, U.S. President Donald Trump blocked Broadcom’s hostile $117 billion offer for Qualcomm, citing national-security concerns.

Apple Chief Executive Tim Cook is scheduled to make a deposition on June 27 in Qualcomm’s legal battle with Apple over withheld licensing payments.

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Apple Chief Executive Tim Cook is scheduled to make a deposition on June 27 in Qualcomm’s legal battle with Apple over withheld licensing payments.

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