In response, Qualcomm and NXP did not immediately respond, the European Commission did not immediately comment on the matter.
Anand Sreenivasan, an analyst at Bloomberg Intelligence, said the EU's approval of the acquisition of "a relief to Qualcomm" will result in a significant increase in the size and diversity of the company.
In October 2016, Qualcomm announced its acquisition of NXP for a total cost of 38 billion U.S. dollars, including debt, which will cost up to 47 billion U.S. dollars in acquisition costs.This acquisition, arguably the largest transaction in the history of the semiconductor industry, Can help Qualcomm become a leading supplier to the rapidly growing automotive chip market.
Qualcomm said in June this year that it is confident it should face the antitrust concerns of the EU and is expected to complete the acquisition of NXP by the end of 2017.
Informed sources said in October, in order to win the approval of the EU antitrust regulators, Qualcomm has proposed the acquisition of NXP Semiconductors to give up some patents.
It is reported that Qualcomm is scheduled to complete the acquisition transaction related to the audit process in 2017. June this year, the European Commission to start the review process and announced the audit results will be given on October 17. However, on October 9, the European Commission in the official website Said Qualcomm had submitted a proposal on October 5, made concessions on the terms of the acquisition, but did not disclose detailed information.At the same time, the European Commission also explained that during the review of the transaction, due to the failure of Qualcomm in a timely manner Provided the information it requested, and had twice intervened in June and August respectively, so plans to announce the results of the review on 17 October were also postponed.
Earlier this month, NXP chief Rick Kramer said although both Qualcomm and NXP want to complete the acquisition by the end of the year, "the current state of the audit may not be finalized until 2018."
Qualcomm recently rejected a $ 105 billion acquisition by Broadcom, a communications chipmaker, that it underestimated the company's value.Once Qualcomm's $ 47 billion acquisition of NXP was approved, it helped convince shareholders that Broadcom's acquisition of Qualcomm Become harder, but Broadcom said that regardless of Qualcomm is completed NXP acquisition, Broadcom will continue to be committed to the acquisition of Qualcomm.