Qualcomm walks away from NXP deal as China-U.S. trade tensions grow

Qualcomm walks away from NXP deal as China-U.S. trade tensions grow

6 years ago
Anonymous $RBasgWKaIV

https://www.reuters.com/article/us-nxp-semicondtrs-m-a-qualcomm/qualcomm-walks-away-from-nxp-deal-as-china-u-s-trade-tensions-grow-idUSKBN1KF193

Qualcomm Inc , the world's biggest maker of chips for mobile phones, said on Wednesday it would drop its bid to buy Dutch chipmaker NXP Semiconductors after failing to secure regulatory approval from China against a backdrop of widening trade tensions.