The EU Commission clears merger of semiconductor companies subject to interoperability and quasi-structural remedies designed to address conglomerate concerns (Qualcomm / NXP)

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On 26 July 2018, US company Qualcomm Inc announced the abandonment of its proposed acquisition, through its subsidiary Qualcomm River Holding BV (Qualcomm), of Dutch semiconductor company NXP Semiconductors NV (NXP) 20 months after it was first announced in October 2016. The merger would have combined two leading players in the semiconductor sector offering complementary products. The termination of the deal occurred after the transaction had been cleared in eight jurisdictions and while the State Administration for Market Regulation in China (SAMR) was reviewing the transaction. The latter declined to issue a decision by the deal’s termination date. The regulators’ review of the proposed transaction addressed several theories of harm related to intellectual property (IP) and

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Authors

  • Skadden, Arps, Slate, Meagher & Flom (Brussels)
  • Skadden, Arps, Slate, Meagher & Flom (Brussels)
  • NXP Semiconductors (Hamburg)

Quotation

Ingrid Vandenborre, Amaury Sibon, Michael Hoffmann, The EU Commission clears merger of semiconductor companies subject to interoperability and quasi-structural remedies designed to address conglomerate concerns (Qualcomm / NXP), 18 January 2018, e-Competitions January 2018, Art. N° 96870

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