Alex Webb, Columnist

Trump Throws a Wrench Into Qualcomm's NXP Deal

The companies had hoped their days as a political bargaining chip were over.

June 15, 2018 at 11:43 AM UTC

Alex Webb is a correspondent for Bloomberg Quicktake. He previously covered the technology, telecoms and media industries in London, San Francisco and Munich.

Microprocessors sit on a circuit board labelled "true Automotive Ethernet" displayed by NXP.
Photographer: Simon Dawson

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

For a brief moment in the depths of the European night, it looked like NXP Semiconductors NV's stint as a political bargaining chip was finally over. It could only dream.

Chinese regulators were set to approve the Dutch chipmaker's $43 billion takeover by Qualcomm Inc., according to South China Morning Post. NXP jumped as much as 12 percent in after-hours trading, peaking just $2 short of the $127.50 offer price.