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Trump and China Are a $43 Billion Waste of Time for Qualcomm and NXP

Alex Webb
Trump and China Are a $43 Billion Waste of Time for Qualcomm and NXP

After a 19-month saga in which the companies found themselves pawns in an international trade war, Qualcomm Inc.’s tortured effort to buy Dutch chipmaker NXP Semiconductors NV will be resolved this time next week – one way or another. Back in April, the two companies set themselves a deadline of July 25 to complete the $43 billion takeover, as they awaited regulatory clearance from China’s Ministry of Commerce. While Qualcomm is based in San Diego, most of its sales are made in China.