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Nisha Gopalan

Qualcomm's China Snag Is Just a Start

Beijing has the means and the motive to take tit-for-tat action.
Day Two Of The 2018 Mobile World Congress
Photographer: Simon Dawson/Bloomberg

China is pushing for more concessions from Qualcomm Inc. before approving its bid for Dutch rival NXP Semiconductors NV, concerned the combination will result in local companies paying higher licensing fees.

The objection comes days after President Donald Trump squelched a takeover of the U.S. chipmaker by Singapore-based Broadcom Ltd. and imposed tariffs on steel and aluminum imports.