EU Opens Antitrust Probe of Qualcomm's Bid for NXP

EU antitrust authorities opened an investigation into Qualcomm's $38-billion bid for NXP Semiconductors, ratcheting up pressure on the U.S. smartphone chipmaker to offer concessions to address their concerns. Qualcomm, which supplies chips to Android smartphone makers and Apple, is set to become the leading supplier to the fast growing automotive chip market following the deal, the largest-ever in the semiconductor industry.

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