The Chinese MOFCOM approves a merger in the semiconductor industry subjecting it to a fix-it-first remedy (NXP / Freescale)

NXP’s acquisition of Freescale was conditionally approved by the MOFCOM on 27 November 2015. Both companies are major players in the semiconductor industry. The notification was first accepted in May 2015 and review had entered extended phase 2, but the notification was withdrawn and then re-filed on 10 November 2015. Competition assessment The MOFCOM considered that the acquisition would impact the global markets for general purpose micro- controllers, analogue