{"id":2946,"date":"2018-04-15T11:18:22","date_gmt":"2018-04-15T11:18:22","guid":{"rendered":"http:\/\/noti-america.com\/site\/alemania\/?p=2946"},"modified":"2018-04-15T11:18:22","modified_gmt":"2018-04-15T11:18:22","slug":"china-slows-review-of-chip-company-mergers-amid-trade-tensions-wsj","status":"publish","type":"post","link":"https:\/\/noti-america.com\/site\/principal\/2018\/04\/15\/china-slows-review-of-chip-company-mergers-amid-trade-tensions-wsj\/","title":{"rendered":"China slows review of chip company mergers amid trade tensions: WSJ"},"content":{"rendered":"
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Two multi-billion dollar takeovers of semiconductor makers are being stalled by Chinese regulatory reviews amid rising U.S.-China trade tensions, the Wall Street Journal reported on Saturday, citing people familiar with the matter.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Qualcomm Inc\u2019s (QCOM.O<\/a><\/span>) proposed $44 billion purchase of Dutch chip maker NXP Semiconductors NV (NXPI.O<\/a><\/span>) could be at risk due to the delayed review. China is the only country that has not yet signed off on the deal, or on Toshiba Corp\u2019s (6502.T<\/a><\/span>) planned $19 billion sale of its chip unit to a Bain Capital consortium, according to the newspaper.<\/p>\n

Qualcomm\u2019s merger agreement with NXP was extended for a second time in January, giving the two until to April 25, although the parties could decide to extend the deadline.<\/p>\n

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China\u2019s Vice President, Wang Qishan, last month assured Qualcomm Chief Executive Steve Mollenkopf that the review would not be affected by politics, the newspaper said.<\/p>\n

Qualcomm and Toshiba did not immediately respond to requests for comment.<\/div>\n

In a move to force China to lower its $375 billion trade surplus with the U.S., the Trump administration this month unveiled tariffs representing about $50 billion on Chinese technology, transport and medical products, drawing an immediate threat of retaliatory action from Beijing.<\/p>\n

At the same time, China pledged to further open the country\u2019s economy and lower import tariffs on certain products, moves it said were unrelated to the trade spat.<\/p>\n

Source: Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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