It's no secret US President Donald Trump has tapped his ability to review cross-border mergers and acquisitions as a tool in curbing China’s expansion globally. As the trade war heats up, it's no surprise China is looking to do the same too.
Beijing's new tactic emerged clearly in late July when, after nearly two years of work on the deal, US chipmaking giant Qualcomm terminated its proposed $44 billion acquisition of Dutch chipmaker NXP Semiconductors after failing to get regulatory approval from the Chinese authority.
A green light from China’s Ministry of Commerce Mofcom was the last regulatory hurdle for Qualcomm after it received approval from...
¬ Haymarket Media Limited. All rights reserved.
