Daily Management Review

Qualcomm offers concession to ease concerns raised by the European Commission on its acquisition of NXP semiconductors


10/09/2017


The European Commission’s concerns stem from apprehensions that the U.S. chipmaker could use incentives as a ploy to squeeze out rivals and raise prices as well as Qualcomm bringing about changes in NXP’s intellectual property licensing model.



In a significant development, Qualcomm offered concessions to regulators in Europe to sooth antitrust concerns over its $38-billion acquisition bid for NXP Semiconductors.

The acquisition deal by the U.S. smartphone chipmakers is the largest ever in the semiconductor industry.

As per a filing on the European Commission’s site, Qualcomm’s concessions had been submitted to European antitrust authorities on October 5. Details of its concessions are yet unknown.

Qualcomm supplies its chips to Android smartphone makers as well as to Apple.

On August 17, the European Commission had, for a second time, suspended the deadline for its decision vis-a-vis this deal saying it was awaiting more information from Qualcomm; it had said, a new deadline would be set once the company complies with its request.

With Qualcomm now submitting the required information, the European Commission is expected to seek feedback from customers and rivals in the coming days to ease its concerns that the U.S. chipmaker could use incentives as a ploy to squeeze out rivals and raise prices; the Commission is also concerned about changes Qualcomm may bring about in NXP’s intellectual property licensing model.


 



 

Source:

http://uk.reuters.com








Science & Technology

Amazon will allow customers to pay with palms instead of cards

Complete Computer System For Self Driving Cars Launched By Qualcomm

In A Lifetime We Could Accumulate 20Kg Micro-Plastic In Our Body

Creator Of The First 'Gene-Edited' Babies Of The World Gets 3 Year Jail Term In China

China to deploy giant Beidou global navigation system in 2020

VW Zwickau factory is getting ready for electric cars production

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

World Politics

World & Politics

UK adds Greenpeace, PETA to extremist organizations list

Indonesia, UAE sign nearly $23B deal

US to respond to Iran’s attacks on US bases in Iraq

Irish Passport issues hit record in anticipation of Brexit

Reporters Without Borders calls to release Julian Assange

IMF allocates Ecuador $ 500 mln more to support reforms

French pension reform chief to resign

Poland refuses to join EU 2050 climate deal