Qualcomm abandons bid to acquire chip maker NXP

For the past two years Qualcomm has been trying to buy rival chip maker NXP. Now Qualcomm is giving up. According to Reuters the deal, which was most recently valued at $44 billion, would have been “the biggest semiconductor takeover globally,” but  it failed to gain approval of Chinese regulators. US-based Qualocmm is already the […]

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