Qualcomm CEO: hope that ZTE and the US reach a settlement that will help us complete the acquisition of NXP

- Jun 10, 2018-

This week, the U.S. Department of Commerce and ZTE reached a new settlement agreement. Although the latter paid a considerable price, including huge fines and adjustments to the operating landscape, ZTE could return to normal operations and avoid further losses. .

According to Reuters, Qualcomm CEO Steven Mollenkopf said at a meeting in New York on Thursday that he hopes that the US Department of Commerce and ZTE's settlement will benefit Qualcomm’s anti-monopoly review of the NXP case in China.

Qualcomm had already reached a deal with NXP as early as the end of 2016. At present, the regulatory review is only a matter of “passing over” China.

Of course, there is an external factor in the multiple extension of the deal. This is the "malicious" acquisition of Qualcomm launched by Broadcom last year. The latter had to use the transaction with NXP as a defensive measure.

According to the report, according to the earlier agreement, NXP could opt for Qualcomm's "dragging" reason, but in the current favorable situation, they may still not intend to do so.