Two multi-billion dollar takeovers of semiconductor makers are being stalled by Chinese regulatory reviews amid rising U. S.-China trade tensions, the Wall Street Journal reported on Saturday, citing people familiar with the matter.
(Reuters) – Two multi-billion dollar takeovers of semiconductor makers are being stalled by Chinese regulatory reviews amid rising U. S.-China trade tensions, the Wall Street Journal reported on Saturday, citing people familiar with the matter.
Qualcomm Inc’s ( QCOM. O) proposed $44 billion purchase of Dutch chip maker NXP Semiconductors NV ( NXPI. O) could be at risk due to the delayed review. China is the only country that has not yet signed off on the deal, or on Toshiba Corp’s ( 6502. T) planned $19 billion sale of its chip unit to a Bain Capital consortium, according to the newspaper.
Qualcomm’s merger agreement with NXP was extended for a second time in January, giving the two until to April 25, although the parties could decide to extend the deadline.
