US smartphone chipmaker Qualcomm is set to win Japanese antitrust clearance for its US$38 billion bid for NXP Semiconductors and gain Europe’s approval by the end of the year with slight tweaks to its concessions, Reuters reports, citing a person familiar with the matter.
To address competition concerns, the company has agreed not to purchase NXP’s standard essential patents and not to take legal action against third parties related to NXP’s near field communication (NFC) patents except for defensive purposes.
It also offered an interoperability pledge which will allow rival products to function with NXP’s products.
NXP, headquartered in Eindhoven, the Netherlands, co-invented NFC chips which enable mobile phones to be used to pay for goods and store and exchange data.
Qualcomm will make incremental changes to concessions offered to the EU authority last month, the person said.
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