Chinese regulators resume Qualcomm-NXP deal review

Chinese regulators have restarted their review of Qualcomm Inc’s application to acquire NXP Semiconductors NV after having shelved the work earlier in reaction to growing trade tensions with the US, according to people familiar with the matter.

China’s Ministry of Commerce officials have been asked to hasten the long-delayed review of the purchase and Qualcomm’s proposed remedies to protect local companies, said the people, asking not to be identified because the talks are private. Chinese companies have expressed concern that the combined entity would extend Qualcomm’s patent licensing business into areas like mobile payments and autonomous driving. Shares of