IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

Yes

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 26 Jul 2018 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On July 26th, 2018, the deadline for approval for an acquisition deal between the largest smartphone chip manufacturer in the world, US-based Qualcomm, and one of their rivals, Netherlands-based NXP, was exceeded, causing the deal to fall through. According to consistent press reports, this was due to the fact that the Chinese government had not yet given official approval for the deal under its competition law regulations. A Chinese official denied there was any link to trade frictions between the PRC and the US. Interestingly, previously a provisional go-ahead for the deal had been given.

AFFECTED COUNTRIES

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TABLE
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