Earlier today, U.S. Secretary of Commerce Ross said that he had reached an agreement with ZTE and would fine China ZTE a billion U.S. dollars. However, Rose said that the ZTE incident is only a law enforcement activity and that trade negotiations with China will not affect each other.
At the end of last month, the Wall Street Journal quoted informed sources as saying that the mainland government will conditionally approve Qualcomm’s acquisition of NXP in the Netherlands in the next few days. The mainland antitrust department will meet with Qualcomm’s legal team next week to finalize the final details. The mainland may eventually impose a number of conditions, and regulators are concerned that this merger will have a negative impact on China’s mobile payment industry.
At present, Qualcomm's $44 billion acquisition of NXP Semiconductors has received approval from eight of the nine global regulatory agencies. Currently, it has not yet obtained the approval of Chinese regulatory agencies.
According to previous reports, the regulators received instructions from the top. Once the mainland has resolved the issue of the confirmation of the ZTE ban from the United States, then the conditional approval of the Qualcomm acquisition can be given. With the easing of the trade war between China and the United States, mainland officials have also restarted Qualcomm. Acquired NXP review.