The EU Commission conditionally clears a merger in the semiconductor industry (Qualcomm / NXP)

Qualcomm’s Acquisition of NXP Receives Antitrust Clearance by the European Commission, Subject to Commitments* Introduction On 28 April 2017, the European Commission (“Commission”) received, pursuant to the EU Merger Regulation [1], notification of a proposed concentration involving the acquisition, within the meaning of Article 3(1)(b) of the EU Merger Regulation, of NXP Semiconductors N.V., a Dutch global semiconductor manufacturer headquartered in Eindhoven, Netherlands, by Qualcomm Incorporated, a United States company world leader in 3G, 4G and next-generation wireless technologies, through its indirect wholly owned subsidiary Qualcomm River Holdings B.V. [2]. On 9 June 2017, the Commission announced that it was launching an in-depth market investigation (Phase II review). The