In an interview with foreign media on Thursday, Molenkov said: 'Now is not a good environment for big deals. But within 90 days, the situation may become very different from the present.'
Qualcomm is waiting for Chinese regulators to approve its acquisition of the trading program of Dutch competitor NXP. Molenkov said: 'We have obtained approval from 8 jurisdictions in the 9 jurisdictions of this M&A transaction. . '
As the Chinese government has not yet approved, these companies have withdrawn and resubmitted the application in order to gain more time.
Morenkov said: 'I think that approving a transaction is very unusual for other countries in the world, but it is not the case for China. It is a good thing for China to complete this transaction. I believe This kind of thing will happen.'
As China-US trade tensions have increased, Qualcomm has been in trouble. The semiconductor industry is considered the most susceptible technology industry.
Morenkov optimistically believes: 'The real negotiations between the Chinese and US governments are beneficial to Qualcomm.'
He said: 'The real negotiations will often lead to reconciliation and lead to the end of hostilities. I think the situation is likely to be like this. We don't know when Sino-U.S. relations can be reconciled, but we are ready to do both.'