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A $44 billion deal is going down the drain because it needs approval from Chinese regulators. The US and China are in a complicated relationship right now.
The potential move comes in the context of recent trade tensions between the US and China that could be easing up over a few isolated deals.
Given the stumbling blocks Qualcomm has in front of it, such as Apple, Chinese regulators and grabby investors, the company has done a good job with the bottom line.
Qualcomm may well kill two birds with one stone by offering NXP more cash for a long-in-the-making acquisition, also keeping potential buyer Broadcom at bay.
Broadcom wants Qualcomm, though the latter is looking for more money. And just like that, a major NXP investor wants more money from Qualcomm.
It has nominated its choice of board members to manage Qualcomm as the competing chipmaker continues to drive a takeover deal.
This deal has been running through the approvals process over the past year, but eyes have been especially focused here since Broadcom's big bid.
Qualcomm is running off an overall down year with a good quarter and is looking forward to consummating with NXP to pad its revenue line.
Intel, meet your match: a combined Qualcomm - NXP Semiconductors company worth at least $133 billion, looking at $30B annual revenues.