Qualcomm, offered a second shot at NXP, declines to take it

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Earlier this year, chip designer Qualcomm was awaiting the one last approval it needed to complete its $39 billion acquisition of NXP Technologies. The lone country that was blocking Qualcomm from purchasing the NFC and auto chip manufacturer was China. The deal had originally been announced in October 2016, but obtaining permission from other countries’ regulatory agencies for such a complex deal takes time. Making things more complicated, Broadcom lobbed in a $117 billion offer for Qualcomm, a bid that was ended when the Trump administration put the kibosh on the deal, citing National Security …

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