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NXP shares rose by the most this week after gaining approval for qualcomm's merger

Source: Semiconductor Lead Editor: Shanghai Xianyi Electronic Components Co., LTD Published time: 2018-05-19

May 19 The Wall Street Journal reported today that a Beijing official said高通对于Grace wisdom puThe prospects for approval are more optimistic。


NXP shares rose 5. 5% after the report.9 percent, the biggest gain this week。


Qualcomm and NXP declined to comment。


On May 14, Bloomberg reported that the Ministry of Commerce had restarted the review process for qualcomm's NXP acquisition, but that did not mean it would be approved。


This week, Chinese regulators approved two deals, an $18 billion takeover of Toshiba's memory business by a Consortium including Bain Capital, and Microchip's takeover of Markus Senmei.A $500 million acquisition。


The Chinese business delegation is currently in the US for negotiations, and US media reports say the two sides have reached an agreement on China's purchase of US goods and services。


The information was interpreted as a turning point in China-Us trade and a signal that the Ministry of Commerce approved the Qualcomm NXP deal。

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