Qualcomm slides after layoffs, regulatory challenges to NXP merger

Qualcomm slides after layoffs, regulatory challenges to NXP merger

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/04/19/qualcomm-stock-slides-on-layoffs-regulatory-challenges-to-nxp-merger.html

Qualcomm slid more than 4 percent Thursday after the company announced layoffs and said it would be withdrawing and refiling a merger application with Chinese authorities regarding a tie-up with Dutch semiconductor company NXP.

Sources tell CNBC that Qualcomm is "very concerned" with the fate of the deal. A Commerce Ministry spokesman said Thursday that the chipmakers would have to do more to resolve competition concerns.

Qualcomm slides after layoffs, regulatory challenges to NXP merger

Apr 19, 2018, 3:27pm UTC
https://www.cnbc.com/2018/04/19/qualcomm-stock-slides-on-layoffs-regulatory-challenges-to-nxp-merger.html >Qualcomm slid more than 4 percent Thursday after the company announced layoffs and said it would be withdrawing and refiling a merger application with Chinese authorities regarding a tie-up with Dutch semiconductor company NXP. >Sources tell CNBC that Qualcomm is "very concerned" with the fate of the deal. A Commerce Ministry spokesman said Thursday that the chipmakers would have to do more to resolve competition concerns.