comment on this article

Qualcomm gets nod from EC, Korea to buy NXP

Steve Mollenkopf, CEO, Qualcomm

While it continues to fight off the unwanted advances of Broadcom, Qualcomm has had approval from the European Commission and the Korea Fair Trade Commission to complete its acquisition of NXP Semiconductors. With eight of nine required approvals, only China has yet to pronounce on the deal.

“We are pleased that both the EC and the Korean Fair Trade Commission have granted authorisation of the NXP acquisition and we are optimistic that China will expeditiously grant its clearance,” said Steve Mollenkopf, pictured, Qualcomm’s CEO. “Acquiring NXP is complementary to Qualcomm’s global portfolio, providing tremendous scale in automotive, IoT, security and networking and will greatly accelerate our ability to execute and create value in new and adjacent opportunities.”

As part of its agreement with the EC and Korea, Qualcomm has committed to exclude certain near-field communication (NFC) patents from the proposed transaction and to ensure that NXP licenses those patents to third parties. It also committed not to assert the NFC patents it will acquire from NXP and to maintain interoperability between Qualcomm’s baseband chipsets and NXP’s NFC chips and rivals baseband chipsets and NFC chips. The deal also requires Qualcomm to continue to offer a license to MIFARE on similar terms to those offered by NXP.

Author
Graham Pitcher

Comment on this article


This material is protected by MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team.

What you think about this article:


Add your comments

Name
 
Email
 
Comments
 

Your comments/feedback may be edited prior to publishing. Not all entries will be published.
Please view our Terms and Conditions before leaving a comment.

Related Articles

Wi-Fi 6 solution

Extreme Networks has announced that an integrated edge technology, featuring ...

Intelligent Audio

As more and more consumers look to film their experiences and share short-form ...

Mobile 3D sensing

VCSEL technology encourages progress in biometric solutions such as mobile 3D ...

Innovation unbound

Earlier this month the Consumer Electronics Show (CES) took place in Las Vegas, ...

Ethernet bridge IC

Toshiba Electronics Europe has unveiled the TC9562 series, the latest member in ...

Gold-plated posts

Responding to a growing demand from high-end audio and precision ...

Smart Home Expo

The Smart Home Expo, which focuses on the future of smart technologies, ...

Get to market faster

A quick look at using Vicor's PFM and AIM in VIA packaging for your AC to Point ...

Semiconductor boom

Compared to an ailing steel industry, just a few years ago, the semiconductor ...

A racing certainty

AI has shaken the automotive industry to its core, inspiring a revolution. ...

Planning pays off

Described as a one-stop shop Plexus provides companies with engineering, ...

Piezoelectric haptics

Boréas Technologies’ CEO, Simon Chaput, talks to Neil Tyler about the company’s ...