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Xi Open to Approving Qualcomm-NXP Deal if Presented Again: U.S.

  • Trump deal with China revives chances of Qualcomm bid for NXP
  • Qualcomm ended NXP bid after almost two-year wait for approval
Xi Jinping on Dec. 1
Xi Jinping on Dec. 1Photographer: Pablo Martinez Monsivais
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Chinese President Xi Jinping said he would consider approving a possible $44 billion deal for Qualcomm Inc. to purchase NXP Semiconductors NV if it’s brought to him again, the White House said in a statement Saturday.

The offer was part of an agreement struck by Xi and U.S. President Donald Trump over dinner on Saturday in Buenos Aires, where the pair negotiated a temporary cease-fire in the tit-for-tat trade war between the world’s two largest economies.