Qualcomm investors drop bid for $44 billion NXP deal due by China-US trade tensions

Qualcomm, the world’s biggest maker of chips for mobile phones, said on 25 July it would drop its $44 billion bid for NXP Semiconductors after failing to secure regulatory approval from China against a backdrop of widening trade tensions. Investors expressed relief at the end of the project that has dragged on since 2016, all while […]

The post Qualcomm investors drop bid for $44 billion NXP deal due by China-US trade tensions appeared first on Firstpost.



from Firstpost https://ift.tt/2A96o3f
via IFTTT