- China regulators want more concessions from Qualcomm (QCOM -0.8%) in its NXP Semiconductors (NXPI -0.6%) bid to protect local companies better.
- Bloomberg sources say local companies are concerned that the combined entity would extend Qualcomm’s patent licensing into mobile payments and self-driving systems.
- The Chinese government is reportedly raising up to $31.5B to invest in local chip companies like Unigroup Guoxin and Shanghai Belling Co.
- Qualcomm needs to close the NXP acquisition to have a stronger position as a standalone company. President Trump blocked Broadcom’s bid for Qualcomm, but Qualcomm had already promised shareholders strong performance in the future and will still have to meet those metrics.
- Previously: CNBC confirms QCOM chair seeks leveraged buyout; NXP bid heads wrong way (March 16)
- Now read: AAM S&P 500 High Dividend Value ETF SPDV: Should You Ditch The High Yield Dog For This ETF
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