Phoenix International iMarkets CTFN quoted lawyers who had experience in acting as a proxy for semiconductor industry transaction delivery to the Ministry of Commerce of China. The Chinese Ministry of Commerce’s approval of NXP Semiconductors/Qualcomm Transaction has returned from the ministerial level to the staff level to resolve some concerns.
CTFN quoted the lawyer as saying that it is expected that Trump’s blocking of Broadcom’s acquisition of Qualcomm will not affect the review of NXP/Qualcomm by the Chinese Ministry of Commerce. There is no tit for tat.
It is expected that the review by the Chinese Ministry of Commerce will not be completed this month.
