66144
EU Probes Semiconductor Megadeal
EU Probes Semiconductor Megadeal

EU Probes Semiconductor Megadeal

EU Probes Semiconductor Megadeal

The EU launched an anti-trust probe into US semiconductor maker Qualcomm’s $47 billion purchase of Dutch rival NXP, the biggest ever in the sector, AFP reported. The European Commission said the “in-depth investigation” was due to concerns that the deal would affect competition and lead to higher prices for consumers. The deal announced in October was aimed at extending Qualcomm’s footprint into the “internet of things”—everyday objects connected to the web—and the automobile sector. “The commission has concerns that the transaction could lead to higher prices, less choice and reduced innovation in the semiconductor industry,” the Brussels-based EU executive said in a statement.

Short URL : https://goo.gl/R6Zp8h
  1. https://goo.gl/UR3x2g
  • https://goo.gl/ze4nUs
  • https://goo.gl/8KxrgT
  • https://goo.gl/2lSfSO
  • https://goo.gl/nVdyy2

You can also read ...

Sanctions Boost Qatar’s Food Prices, Hurt Real EstateFood and beverage prices gained 4.2% from the previous month.
Sanctions imposed by Persian Gulf Arab states are continuing...
Inside view of Tokyo Stock Exchange
Stock markets around the world remained buoyed Tuesday by a...
Hanjin has so far raised only $220 million towards repayments to more than 180 creditors.
South Korea’s Hanjin Shipping, which faces credit claims...
HSBC, IBM to Develop Cognitive AI
HSBC is working towards the introduction of artificial...
Australia Bank Reveals Further Woes
Australia’s biggest bank has admitted failures costing staff...
The Bank of Portugal sees 2.5% growth this year.
Portugal’s economy grew 2.8% in the second quarter from the...
China Bans Imports From North Korea
China has announced a ban on imports of coal, iron ore, lead...
Singapore  Exports Rising
Singapore’s non-oil domestic exports in July likely rose from...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus