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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 177.45-0.5%12:11 PM EST
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To: Qurious who wrote (147901)7/24/2018 6:51:49 PM
From: lml1 Recommendation

Recommended By
VinnieBagOfDonuts

   of 196964
 
. . .tell me, why would they wish this acquisition to occur? If they did, didn't they have plenty of time to approve it, long before the pissing started?
Sure. In short, this transaction benefits the Chinese economy. China has long had goal of building a top notch semi-conductor industry to supply not only its domestic economy, but to also become a global leader. QCOM has had a long standing relationship, going back roughly 20 years. QCOM's relationship with China is probably among the best, if not the best of US companies doing business in China. This acquisition presents a tremendous growth opportunity, not only for QCOM, but for China. If the deal is terminated on the 25th, it is dead. The opportunity is lost.

As far as delay, MOFCOM had to go though its antitrust review, with goal of exacting concessions from QCOM-NXP benefitting Chinese companies operating in the automotive & IoT space. But this process is more or less complete. Time it took to complete is irrelevant at this point in time. Relevant FACT is if deal is not approved by Chinese government within roughly 30 hours, deal will be terminated. No QCOM-NXP chip manufacturing in China. IMHO, a lost opportunity for China, as well as QCOM.
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