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China regulators approve Qualcomm-NXP Semiconductors merger deal - SCMP

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China regulators approve Qualcomm-NXP Semiconductors merger deal - SCMP

China regulators approve Qualcomm-NXP Semiconductors merger deal - SCMP
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(Reuters) - Chinese regulators have approved Qualcomm Inc's <QCOM.O> proposed merger with NXP Semiconductors <NXPI.O>, South China Morning Post reported on Thursday, citing people with knowledge of the matter.

The decision by China's Ministry of Commerce clears a months-long antitrust roadblock caused by trade tensions between the United States and Beijing and will allow the takeover to proceed, SCMP reported. (https://bit.ly/2l87thk)

(Reporting by Nikhil Subba in Bengaluru; Editing by James Dalgleish)

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