China: Qualcomm failed to resolve anti-monopoly worries

China: Qualcomm failed to resolve anti-monopoly worries

6 years ago
Anonymous $RBasgWKaIV

https://apnews.com/7f70478f612f4974a9c5342b65a3637e

BEIJING (AP) — Qualcomm Inc. failed to resolve China's anti-monopoly concerns about its proposed acquisition of NXP Semiconductors, the government said Friday, in a case analysts warned would worsen escalating U.S.-Chinese tensions over technology.

The State Administration for Market Regulation's announcement followed a government denial Thursday that a lengthy anti-monopoly review, which prompted Qualcomm to drop its bid this week, was linked to Beijing's tariff dispute with Washington.