Qualcomm: EU authorises takeover of NXP
(CercleFinance.com) - The European Commission has cleared the proposed acquisition of NXP by Qualcomm (USA).
Authorisation is subject to full compliance with the commitments offered by Qualcomm. Both companies are major players in the semiconductor industry.
Commissioner Margrethe Vestager, in charge of competition policy, said: "We use our smartphones for many different things and now also more and more as mobile wallets, to pay for public transport or make other secure payments. With this decision, we ensure that Qualcomm's takeover of NXP will not prevent consumers from continuing to enjoy the benefits of these innovative technologies at competitive prices."
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Authorisation is subject to full compliance with the commitments offered by Qualcomm. Both companies are major players in the semiconductor industry.
Commissioner Margrethe Vestager, in charge of competition policy, said: "We use our smartphones for many different things and now also more and more as mobile wallets, to pay for public transport or make other secure payments. With this decision, we ensure that Qualcomm's takeover of NXP will not prevent consumers from continuing to enjoy the benefits of these innovative technologies at competitive prices."
Copyright (c) 2018 CercleFinance.com. All rights reserved.