# Qualcomm receives EU and Korean approval for NXP acquisition

Qualcomm announced that the European Commission and Korea Fair Trade Commission have authorized its acquisition of NXP Semiconductors. The deal has now received 8 of 9 required approvals, with China remaining.

- Type: Acquisition
- Announced: 2018-01-18
- Where: United States
- Value: $38.0B
- Status: announced
- Products: semiconductors, NFC chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Qualcomm](https://endata.com/companies/16058.md) (acquirer)
- [NXP Semiconductors](https://endata.com/companies/19521.md) (target)

## Sources

- [investor.qualcomm.com](https://investor.qualcomm.com/news-events/press-releases/news-details/2018/Qualcomm-Receives-Authorization-from-the-European-Commission-and-Korea-Fair-Trade-Commission-for-NXP-Semiconductors-Acquisition-01-18-2018/default.aspx), 2018-01-18: "We are pleased that both the European Commission and the Korean Fair Trade Commission have granted authorization of the NXP acquisition, and we are optimistic that China will expeditiously grant its clearance."
- [vitallaw.com](https://www.vitallaw.com/news/acquisitions-mergers-news-qualcomm-receives-eu-kftc-approval-for-purchase-of-nxp-semiconductors/ald01b57c9dd07cec1000a3e590b11c18cbab09), 2018-01-18: "Qualcomm has received permission from both the European Commission (EC) and from the Korea Fair Trade Commission to purchase Netherlands-based NXP Semiconductors N.V."
- [androidheadlines.com](https://www.androidheadlines.com/2018/01/eu-korea-approve-qualcomms-38-billion-nxp-acquisition.html), 2018-01-18: "The European Commission and Korea Fair Trade Commission approved Qualcomm’s proposed purchase of NXP Semiconductors, a Dutch chip manufacturer which the company has been trying to acquire since late 2016."
- [bristows.com](https://www.bristows.com/news/licensing-commitments-sufficient-for-qualcomm-to-secure-nxp-takeover-green-light/), 2018-01-24: "On 18 January 2018 the European Commission approved Qualcomm’s proposed $47 billion acquisition of the Dutch semiconductor manufacturer NXP after an in-depth second phase review."
- [telecomreviewasia.com](https://www.telecomreviewasia.com/news/industry-news/888-south-korea-and-eu-approve-qualcomm-s-acquisition-of-nxp/), 2018-01-25: "Acquiring NXP is complementary to Qualcomm’s global portfolio, providing tremendous scale in automotive, IoT, security and networking."
- [eetimes.com](https://www.eetimes.com/eu-approves-qualcomms-acquisition-nxp/), 2018-01-31: "The European Commission has approved under the EU Merger Regulation the proposed acquisition of NXP, based in the Netherlands, by Qualcomm of the US."
- [investor.qualcomm.com](https://investor.qualcomm.com/news-events/press-releases/news-details/2018/Qualcomm-Enters-into-Amended-Definitive-Agreement-with-NXP-02-20-2018/default.aspx), 2018-02-20: "Qualcomm today announced that Qualcomm River Holdings B.V. has reached an agreement with NXP Semiconductors N.V. to increase to $127.50 per share its previously announced cash tender offer."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.