Qualcomm

Amid escalating trade tensions, China is holding up deal reviews that could clear the way for U.S. companies Qualcomm Inc. and Bain Capital to make multibillion-dollar acquisitions of semiconductor companies, people familiar with the matter say.

China’s National Development and Reform Commission, an antitrust regulator, has been looking into potential monopolistic practices by Qualcomm in China, primarily related to its licensing business.