https://www.theregister.co.uk/2018/07/25/qualcomm_q3_2018_apple_nxp/

Qualcomm has abandoned its long-planned, long-stalled $44bn acquisition of Dutch chip maker NXP Semiconductors – and in its place, Qualy today announced a $30bn share buyback.

That was part one of Qualcomm's double-whammy Wednesday. Here's the second-half: Qualcomm's chief financial officer George Davis said on a conference call with analysts that Apple will drop Qualcomm's Snapdragon cellular modems from upcoming iPhones in favor of using Intel's XMM modems.