China says still open to talks on scrapped Qualcomm-NXP takeover

China says still open to talks on scrapped Qualcomm-NXP takeoverChina’s market regulator said it still hoped to find a solution to antitrust concerns that doomed Qualcomm Inc’s $ 44 billion takeover of NXP Semiconductors, after finding that proposals to address the issue had fallen short. U.S.-based Qualcomm abandoned on Thursday what would have been the world’s biggest ever semiconductor sector takeover after a deadline the companies set passed without the deal winning China’s approval. China’s State Administration for Market Regulation (SAMR) said in a statement on Friday that proposals put forth by the firms to resolve Chinese antitrust concerns were insufficient, but it hoped to continue communicating with Qualcomm.



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