English
Qualcomm-NXP deal off
By David Manners, ElectronicsWeekly
26th July 2018
As expected, China’s regulatory approval for the takeover of NXP by Qualcomm had not been received by the deadline of midnight New York time yesterday and the deal has been called off.
“We obviously got caught up in something that was above us,” says Qualcomm CEO Steve Mollenkopf.
The US-China trade spat scuppered the deal.
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