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Qualcomm: No prospect for NXP deal despite trade truce

Published 12/03/2018, 02:57 AM
© Reuters.  Qualcomm: No prospect for NXP deal despite trade truce
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  • Following the temporary trade war ceasefire between the U.S. and China, President Trump revealed that if Qualcomm's (NASDAQ:QCOM) $44B deal for NXP Semiconductors (NASDAQ:NXPI) came back to Xi Jinping, he would "most likely approve it quickly."
  • "While we were grateful to learn of the comments... the deadline for that transaction has expired," a representative for Qualcomm told Reuters. "Qualcomm considers the matter closed."
  • Now read: Why Won't NXP Semiconductors Stop Falling?


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