According to Reuters, Qualcomm is likely to get approval from European antitrust regulators too, before the end of this year.
The wire reports a reliable source is responsible for the leak and that will give Qualcomm a fillip and strengthen its arm against a proposed takeover bid from US giant Broadcomm.
NXP, a spun off subsidiary of former Dutch giant Philips, forms part of Qualcomm’s plans to position itself as a major player in several important and highly lucrative semiconductor businesses.
Broadcom has rather a disappointing range of semiconductors which don’t exactly set the world alight.
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Japan, Europe say “yes” to Qualcomm, NXP takeover
The Broadcom problem remains
A report said that Qualcomm will gain permission from Japanese and European regulators that will allow it to press ahead with its acquisition of NXP.