Thursday, July 26, 2018

Qualcomm set to scrap $44 billion NXP deal amid US-China trade war

In a big fallout of the escalating US-China trade tensions, San Diego-based chipmaker Qualcomm was set to scrap its $44 billion acquisition of Dutch tech firm NXP Semiconductors after the Chinese regulators let the final deadline pass and did not grant approval to the deal.

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