Molenkopf said in an interview recently: 'At present, it is not a perfect environment for acquisitions. But in 90 days, the situation may be very different.'
The US semiconductor company is awaiting approval from Chinese regulators to merge with Dutch competitor NXP Semiconductors. China is the last of the 9 approvals Qualcomm has required and has caused the company to withdraw and resubmit its application in order to gain more. More time.
Molenkopf said: 'I think that China has not approved certain things approved by other countries in the world. This is a very unusual situation. For China, completing this transaction is a good thing. I have Confidence trading can be approved. '
With the growing tension between China and the United States, Qualcomm is already in trouble, and the semiconductor industry is considered the most susceptible technology industry.
But Molenkampf optimistically believes that 'real negotiation between China and the United States' will be beneficial to Qualcomm. He said: 'True discussions often promote reconciliation and lead to the end of hostilities. I think that may be the case now. We don't know when we can reach a settlement, but we are already prepared for it.'