Qualcomm says it will drop NXP bid, barring last-second reprieve
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July 25, 2018This post was originally published on this site
Qualcomm Inc , the world’s biggest maker of chips for mobile phones, on Wednesday said it intends to drop its bid to buy Dutch chipmaker NXP Semiconductors after so far failing to secure approval from China against the backdrop of wider Sino-U.S. trade tensions.