Qualcomm says US$44bn NXP deal dead for good

Qualcomm walked away in July from the mammoth deal to buy NXP after failing to secure Chinese regulatory approval. — AFP pic

Qualcomm abandoned the deal to buy NXP in July, after it was unable to secure Chinese regulatory approval.

Qualcomm, headquartered in San Diego, California, and NXP, based in Eindhoven, the Netherlands, needed China's blessing for their deal because of their presence in that country.

Popular US-based mobile chip maker Qualcomm could still reconsider a move to buy NXP after Chinese President Xi Jinping's statement at the G20 Summit that the matter could be revisited, suggests an analyst for TrendForce based out of Taipei. The perception was that Broadcom is more concerned with acquisitions than R&D, and any let up could allow Huawei to leapfrog Qualcomm, and thereby the USA, in 5G.

Trump will terminate NAFTA to press Dems into approving new trade deal
The President needs to talk to Congress on this. "Congress will have a choice of the USMCA or pre-NAFTA, which worked very well". Trump has repeatedly criticized NAFTA, calling it " the worst trade deal in history".

Eight regulators around the world approved the Qualcomm-NXP deal, but Chinese regulators refused to wave it through.

As of this writing, it is still not clear whether Qualcomm and NXP will pursue the merger again.

According to Reuters, people close to the two companies have revealed that they did not lobby the U.S. government to bring up the aborted merger during the negotiations, and were surprised to see it resurface as an issue.

‘Christmas Vacation’ holiday display causes panic in Texas
An Austin police officer showed up after the 9-1-1 call and spoke to the nanny who was home at the time. He added he was confused when he was trying to rescue him and "he never said nothing".

The two companies were surprised to see that the terminated deal resurfaced as an issue, the sources added, requesting anonymity to discuss confidential deliberations. The email declared that though the company is grateful for the reconsideration and the comments, the deadline for the transaction has expired and hence the contemplated deal has been terminated. "If at the end of this period of time (90 days), the parties are unable to reach an agreement, the 10% tariffs will be raised to 25%", the statement said. NXP declined to comment. Qualcomm is now focused on developing its own chips for the automotive market, according to one of the sources. But Qualcomm has already paid a breakup fee in the deal and begun a $21 billion stock buyback program, they said, limiting its financial flexibility.

President Donald Trump says China is willing to approve a major merger between American chip maker Qualcomm and rival NXP.

One example could be Xilinx, a U.S. provider of chips used in communications network gear and consumer electronics that has a big presence in China. A successful acquisition of Mellanox could prove an important test of China's appetite to approve such deals.

Outrage after first women's Ballon d'Or victor Ada Hegerberg asked to twerk
Hegerberg said of Solveig's apology: "He (Solveig) came to me afterwards and was really sad that it went that way". Former world number one and two-time Wimbledon champion Andy Murray hit out at the "unreal level of sexism".

Related news:

Hot News

isis-killer-beheading-video-story-top Asteroid Bennu Has Got a Visitor from Planet Earth
Dec 04, 2018 - 20:16
In short, Bennu could be an extraterrestrial gas station for future endeavors into deeper space, places like Mars, and beyond. Asteroid scientists are eager for "bonanza" of discoveries that await, as one researcher at mission control put it.

isis-killer-beheading-video-story-top Wrexham draw Leicester in FA Cup third round
Dec 04, 2018 - 19:24
Bournemouth and Brighton were also paired in the draw held at the Stamford Bridge home of defending champions Chelsea . Also tackling Premier League opposition in the Cup will be Barnsley, who travel to Burnley.

isis-killer-beheading-video-story-top Marco Silva 'proud' of Everton's performance despite Liverpool loss
Dec 04, 2018 - 19:09
The points were close to being shared by both squads until Everton keeper Jordan Pickford made a crucial mistake and brought a wayward looking attempt back into play and onto the path of Divock Origi .

isis-killer-beheading-video-story-top Fired Bulls coach Hoiberg wants to stay in National Basketball Association
Dec 04, 2018 - 18:21
It's a major step for the team who are finally starting to get a few healthy starters into the lineup as the new year approaches. Hoiberg's recipe for success was clear to everyone who followed his team, everyone except those running the Bulls organization.

isis-killer-beheading-video-story-top Trump salutes George HW Bush's casket as he lies in state
Dec 04, 2018 - 17:21
A humble hero of World War II, Bush was just 20 when he survived being shot down during a bombing run over a Japanese island. The casket will then be transported to the cathedral for the funeral service - the fourth there of a former president.

isis-killer-beheading-video-story-top Quora says 100 million users hacked
Dec 04, 2018 - 16:29
The tech site also said it already took steps to "contain the incident" and prevent future unauthorized access to its servers. Quora said , in a statement emailed to members, that they are now investigating exactly how the breach occurred.

isis-killer-beheading-video-story-top SpaceX postpones rocket launch from Vandenberg Air Force Base
Dec 04, 2018 - 16:24
As with previous SpaceX launches from Vandenberg, the rocket created an impressive aerial light show over Southern California. This time around, the retraction jig was visibly stripped and SpaceX technicians did not attempt any leg retractions.

isis-killer-beheading-video-story-top Back to the Playoff! Clemson learns CFP opponent, destination
Dec 04, 2018 - 15:59
This season, the combatants for the final slot in the CFP were Oklahoma , Ohio State and Georgia. The Heisman Trophy candidate was helped off the field and didn't return to the game.

isis-killer-beheading-video-story-top NBA wrap: Warriors fall to Pistons in Stephen Curry’s return
Dec 04, 2018 - 15:00
Casey was able to use his reserves for most of the fourth quarter, but he wasn't anxious about fatigue against the Warriors. They should be getting Draymond Green back on the road trip, which will help them get back to normal.

isis-killer-beheading-video-story-top India's practice game vs Cricket Australia ends in draw
Dec 04, 2018 - 13:55
Every Test, ODI, T20I, and BBL match live. "That was my basic fundamental after being dropped in England until now", he said. Ishant Sharma, then 19 years old, hit the 150 km/h mark and troubled Ricky Ponting with a spell of lovely fast bowling.

isis-killer-beheading-video-story-top The highest earning YouTube star of 2018 is a 7yo boy
Dec 04, 2018 - 13:37
As he is still a child, 15% of Ryan's earnings are put into a bank account that he can only access when he becomes a legal adult. A seven-year-old boy has been named YouTube's highest-earning star after raking in nearly $30m in the last financial year.

isis-killer-beheading-video-story-top Nick Jonas And Priyanka Chopra Had The Wedding Of The Year
Dec 04, 2018 - 13:00
Weeks beforehand, Priyanka celebrated her bachelorette party in Amsterdam and had a bridal shower in New York City. Chopra wore vibrant Indian colours while Jonas was dressed in an embroidered kurta , an elaborate tunic.

isis-killer-beheading-video-story-top Erdogan says not aiming to harm Saudi royals in Khashoggi affair
Dec 04, 2018 - 12:43
The prince told world leaders that "unless the crime is proven, you can not blame Saudi Arabia", Erdogan quoted him as saying. Before the summit, Prince Mohammed had visited the United Arab Emirates, Bahrain, Egypt and Tunisia .

isis-killer-beheading-video-story-top War not a solution to Kashmir issue: Imran Khan
Dec 04, 2018 - 12:43
Khan stressed the United States had provided what he described as a minuscule $20 billion in aid to Pakistan. On Pakistan, Khalilzad said the USA wants Afghanistan to be at peace with itself and with its neighbors.

Is 'Baby It's Cold Outside' an offensive Christmas song?
Dec 04, 2018 - 11:53
The controversy over political correctness with the song has picked up in recent years, especially after the #MeToo movement.