Qualcomm walks away from NXP deal as China-U.S. trade tensions grow

5 years ago
Anonymous $RBasgWKaIV

https://finance.yahoo.com/news/china-keeps-qualcomm-guessing-nxp-102813679.html

The company promised to compensate shareholders for the collapse of the $44 billion deal by buying back $30 billion of its own shares and its third-quarter results, also released on Wednesday, topped Wall Street forecasts.

Qualcomm agreed what would have been the largest-ever merger in the semiconductor industry two years ago as it sought alternative sources of growth to an increasingly saturated mobile phone market.