After two years, Qualcomm give up on taking over NXP

Posted on Thursday, Jul 26 2018 @ 11:53 CEST by Thomas De Maesschalck
Qualcomm logo
Mobile chip giant Qualcomm is no longer pursuing Dutch semiconductor maker NXP. The former has been trying to take over NXP for almost two years now, but the current geopolitical environment is making the $44 billion takeover extremely difficult. Qualcomm dropped its bid yesterday amidst expectations that China's antitrust regulators would shoot down the deal. Commentators see the Chinese inaction as retaliation for President Trump's focus on Chinese imports.
The companies’ agreement expired just before midnight in New York on Wednesday without any indication that they had obtained antitrust clearance from Beijing, despite the deal getting sign-off from eight other regulators around the world.

After being shielded by the Trump administration from Broadcom’s hostile approach four months ago, Qualcomm has now become the highest-profile American victim of the US-China trade war.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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