Qualcomm, NXP Receive Antitrust Approval
Wednesday, April 5, 2017 IST
Smartphone chipmaker Qualcomm has received approval from US antitrust regulators for its proposed $47 billion acquisition of NXP Semiconductors NV, Qualcomm said in a statement on Tuesday.
The waiting period required for companies under the Hart-Scott-Rodino Antitrust Improvements Act has expired, the company said.
Additionally, Qualcomm said it is extending its cash tender offer for all outstanding shares of NXP. The tender offer is now scheduled to expire at 5:00 pm EDT on May 2, 2017.
Qualcomm's acquisition of NXP will be the biggest-ever in the semiconductor industry. The acquisition is also expected to help Qualcomm, which provides chips to Android smartphone makers and Apple, reduce its dependence on a cooling smartphone market.
Related Topics
Trending News & Articles
View Top 5 Mobile Chargers in India as on 08 Feb 2023. This rundown is compiled according t...
Recently posted . 6K views . 6 min read
HIGHLIGHTS
• Both laptops use the AMD Ryzen 5 3350H CPU and Radeon RX 560 GPU
• The...
Recently posted . 5K views . 2 min read
The following list of India's Top 5 Mobile Charger manufacture Brand 2019
Recently posted . 4K views . 0 min read