Qualcomm calls off $44B deal for NXP, which lacks Chinese OK
https://apnews.com/d30b03f5ab8d4b7dbcd5276f31a86ade
SAN DIEGO (AP) — Qualcomm said Wednesday it was dropping its $44 billion deal to buy Dutch chipmaker NXP Semiconductors, a high-profile victim of the rising trade tensions between the U.S. and China.
Instead, the San Diego-based chipmaker said it will pay a $2 billion breakup fee to NXP and spend up to $30 billion buying back its own stock.
