The EU Commission clears a merger subject to remedies in the market of semiconductors (Qualcomm / NXP)

Mergers: Commission approves Qualcomm's acquisition of NXP, subject to conditions* The European Commission has approved under the EU Merger Regulation the proposed acquisition of NXP, based in the Netherlands, by Qualcomm of the US. The approval is conditional on full compliance with commitments offered by Qualcomm. Both firms are important players in the semiconductor industry. Commissioner Margrethe Vestager, in charge of competition policy, said: "We use our smartphones for many different things and now also more and more as mobile wallets, to pay for public transport or make other secure payments. With this decision, we ensure that Qualcomm's takeover of NXP will not prevent consumers from continuing to enjoy the benefits of these innovative technologies at competitive prices."

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European Commission, The EU Commission clears a merger subject to remedies in the market of semiconductors (Qualcomm / NXP), 18 January 2018, e-Competitions January 2018, Art. N° 85976

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