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China Pushes for More Qualcomm Concessions Amid Trump Trade Spat

Yinan Zhao, Ian King
China Pushes for More Qualcomm Concessions Amid Trump Trade Spat

Chinese regulators are seeking additional concessions from Qualcomm Inc. before approving its proposed purchase of NXP Semiconductors NV, further complicating the long-delayed deal and possibly adding to trade tensions between China and the U.S. The proposed acquisition would have substantial impact on the technology industry and may have negative affects on the market, a spokesman for China’s Ministry of Commerce said. Bloomberg News reported in March that Mofcom wanted more protection for local companies, which are concerned the combined entity would extend Qualcomm’s patent licensing business into areas like mobile payments and autonomous driving.