Qualcomm is preparing to give up on NXP, source says

Qualcomm is preparing to give up on NXP, source says

6 years ago
Anonymous $RBasgWKaIV

https://www.cnbc.com/2018/07/25/qualcomm-is-preparing-to-give-up-on-nxp.html

Qualcomm executives no longer expect the Chinese government to approve its deal for semiconductor manufacturer NXP, and CEO Steve Mollenkopf plans to lay out the company's share buyback plan when Qualcomm announces earnings after the closing bell today, according to a person familiar with the matter.

Qualcomm announced a new $10 billion repurchasing program in May. It is expected to add billions more to that amount if it walks away from NXP.