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Qualcomm is about to get approval of China for merger with NXP

It is said that China is about to grant permission to Qualcomm for acquiring NXP, a semiconductor company from the Netherlands.

The approval from China’s regulator hang in the air due to the continuous trade dispute with the United States, but it looks like the subsiding disagreement has made the merger possible anew.

The regulatory agency, as sources told Reuters, had had fruitful negotiations with Qualcomm’s representatives in China at the end of last week, and the U.S. firm remained cautiously optimistic.

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