Qualcomm’s $44 Billion Purchase of NXP Has ‘Hard to Resolve’ Issues: China

It marks Beijing’s first public comments about its review of the pending deal since U.S.-China trade tensions ramped up

Updated April 18, 2018 11:58 p.m. ET

BEIJING—China’s Commerce Ministry said a preliminary review of Qualcomm Inc.’s $44 billion purchase of NXP Semiconductors has found “issues that are hard to resolve.”

A spokesman for the ministry, which is China’s main antitrust regulator, said the review is still going on. Initially, the review has turned up “related issues that are hard to resolve, making it difficult eliminate a negative impact,” the spokesman, Gao Feng, said Thursday.

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