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NXP’s CEO Blames International Politics for Failed Qualcomm Deal

Paige Tanner
NXP’s CEO Blames International Politics for Failed Qualcomm Deal

Qualcomm (QCOM) walked away from its acquisition of NXP Semiconductors (NXPI) after it failed to secure approval from China’s (MCHI) SAMR (State Administration for Market Regulation). In an interview reported by the New York Times, NXP’s CEO, Richard Clemmer, expressed his disappointment with the SAMR, stating that Qualcomm and NXP had met all the government requirements.