Jul
25
Qualcomm Inc. plans to scrap its $44 billion purchase of Dutch chip maker NXP Semiconductors NV after failing to secure approval in China, making the deal one of the most prominent victims of spiraling U.S.-China trade tensions and derailing a central part of the U.S. chip giant’s strategy.
China was the last of nine markets that needed to approve the deal, which would have been among the biggest ever between technology companies. The acquisition was announced in October 2016 and extended in April as the chip makers sought…
Qualcomm Plans to Abandon NXP Deal Amid U.S.-China Tensions
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