1. Chinese regulators have recently approved Qualcomm NXP transactions;
Set Micronet May 26th Report (Reporter Zhang Haoqun) Qualcomm and NXP’s approval of the transaction is becoming more optimistic. The Wall Street Journal reported that Chinese regulators will release Qualcomm’s NXP deal in the near future.
In view of this, whether it is the artificial intelligence forum that many high-level executives have participated in recently, it seems that the leaders of the Ministry of Industry and Information Technology and the Guiyang International Big Data Industry Expo have deeper meanings.
According to the "State Council Institutional Reform Plan," the anti-monopoly law enforcement agencies that have been scattered for many years in the Ministry of Commerce, the National Development and Reform Commission, and the State Administration for Industry and Commerce will be merged into the State Market Supervision and Administration Bureau. The person familiar with the matter said that the State General Administration of Market Supervision will meet Qualcomm next Monday. The acquisition of NXP held a meeting and Qualcomm’s legal team arrived in Beijing this week.
The release of China's regulators for Qualcomm’s acquisition of NXP will help further ease the tension between China and the United States, but some insiders have expressed that it will pass conditional approval.
In a joint statement issued after the second round of negotiations between China and the United States on May 19, China stated that China will reduce the U.S. trade deficit with China by increasing imports of U.S. energy, agricultural products, manufacturing products and services.
Earlier reports from the Wall Street Journal stated that the United States' release of ZTE’s exchange conditions was China’s release of Qualcomm’s NXP Transaction and the cancellation of the multi-billion dollar import tariff on agricultural products.
On May 25, United States time, US President Trump updated the latest ZTE embargo on the latest tweet. Trump said that the conditions for releasing ZTE must be to provide a higher level of security, change management And the board must buy US parts and pay a fine of $1.3 billion.
However, the US Congress was not satisfied with the government’s handling. The US Congress tried to block the Trump’s government’s “dismissal” of ZTE’s plans. Now the two sides are now launching a new ban on replacing the “sales orders” issued last month. Game.
U.S. Secretary of Commerce Wilbur Rose will lead a delegation to Beijing on June 2 to start another consultation on Sino-U.S. economic and trade issues. If things go smoothly, Qualcomm and ZTE may all have good news next week.
On May 11, Qualcomm said that it will close the NXP acquisition transaction until May 25. At present, the acquisition deadline may be extended again. According to the agreement between Qualcomm and NXP, the final deadline for the acquisition is July. On the 25th, when Chinese regulators failed to approve or Qualcomm could not obtain 70% of NXP’s equity, the transaction would fail and Qualcomm would also pay a $2 billion “break-up fee”.
Despite good news from China's regulatory authorities, Qualcomm needs to persuade more NXP shareholders in the next two months to reach the target of acquiring 70% of NXP’s shares. NXP’s stock is only 13%, far from the target of 70%. (Proofreading / One Request)
2.Facebook builds an independent chip for analyzing and filtering video content;
Financial Association, May 26, according to foreign media reports, social networking giant Facebook chief artificial intelligence scientist Yann Lekun (Yann LeCun) revealed at the Paris Viva Technology Industry Conference, Facebook is building an independent chip for Analyze and filter video content.
3. Secretary of the Jiangsu Provincial Party Committee, Mr. Qin Qinyi, met with the President of the Korean SK Group
On May 25, Secretary of the Jiangsu Provincial Party Committee and Director of the Standing Committee of the Provincial People’s Congress met with Cui Taiyuan, President of the Korean SK Group in Nanjing. Cui Taiyuan stated that Jiangsu’s government services are good and the development environment is excellent. The SK Group will be bigger and stronger. On the basis of the semiconductor project, pragmatic cooperation was carried out in the areas of new energy batteries, medical services, and investment. During the meeting, the two sides decided to jointly establish a strategic research group to advance related issues as soon as possible. Securities Times