Qualcomm's purchase of NXP Technologies hung up by U.S.-China trade war

The trade war between the U.S. and China that was started when the U.S. proposed tacking a 25% tariff on certain imports from that country, has since escalated with Chinese retaliation followed by another list of products from China that the U.S. plans to impose a tariff on. This battle between the two countries came about because of President Donald J. Trump’s irritation with the U.S.-China trade deficit, which many economists say is actually beneficial to American citizens.

One casualty in this war is Qualcomm’s $44 billion acquisition of NXP Technologies. The bid was first announced in …


Qualcomm raises its bid for NXP, so Broadcom lowers its offer for Qualcomm (VIDEO)

After Qualcomm on Tuesday hiked its offer for auto chip producer NXP by 16% to $44 billion ($127.50 a share), Broadcom today dropped its bid for Qualcomm by 4% to $117 billion. Qualcomm, which was already complaining that the offer valued the company too low, responded by saying that the move by Broadcom made “an inadequate offer even worse.” The new, lowered bid works out to $79 a share, down from the previous $82 a share bid.

Broadcomm can still end up with its target depending on the outcome of a Qualcomm stockholder vote scheduled for March 6th. Broadcom has put up a slate of …

Qualcomm raises bid for auto chip maker NXP to $44 billion; Broadcom could hike offer for Qualcomm

Way before Broadcom made its initial bid for fellow chipmaker Qualcomm in November, the latter had gone after NXP Technologies. Qualcomm proposed a transaction for the largest producer of chips for automobiles, valued at $110 a share, back in October 2016. Since then, the deal has been approved by regulators around the world except in China. The regulatory agency in that country has yet to weigh in with a response.

While regulators have given the deal a thumbs up, NXP stockholders weren’t as happy with the price offered by Qualcomm. So this morning, the company raised its bid for NXP to …

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 …