China delays Qualcomm, Toshiba deal reviews

China delays Qualcomm, Toshiba deal reviews

Technology News

China delays Qualcomm, Toshiba deal reviews

China delays Qualcomm, Toshiba deal reviews

China delays Qualcomm, Toshiba deal reviews. China is slowing reviews of multibillion-dollar takeover deals as U.S.-China trade tensions escalate, WSJ reports. The delay could end up quashing Qualcomm‘s planned $44B purchase of NXP Semiconductors, or Toshiba’s planned $19B sale of its chip unit to a consortium led by Bain Capital. The worries come despite assurances from China’s vice president, Wang Qishan, who said the reviews would not be affected by politics. Read more here.

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