WSJ: Qualcomm to get European approval to purchase NXP for $39 billion

Qualcomm, the company that designs the Snapdragon mobile chipsets used on the majority of smartphones, is expected to be given approval today from European Anti-trust regulators to proceed with its $39 billion purchase of semiconductor manufacturer NXP. In order to obtain this approval, Qualcomm had to agree to certain conditions. For example, the San Diego based company cannot buy NXP’s standard essential patents, and Qualcomm had to promise that rival products will still work with NXP’s.

The deal was originally proposed by Qualcomm back in October 2016, and this past November Qualcomm …


iPhone maker Foxconn posts 39% drop in profits, iPhone X production problems to blame?

Taiwanese company Foxconn, the main assembler of Apple products, reported a 39% slump in quarterly net profits. According to The Wall Street Journal, such a drop in margins was expected, but the results are notably worse than what analysts predicted. Foxconn hasn’t experienced such a quarter-over-quarter decline since the global recession of 2008.
The most probable cause for this downturn is a series of production bottlenecks surrounding the iPhone X. As you might know, the $1,000 flagship is the first Apple smartphone to feature an edge-to-edge …