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Alex Webb

Trump and China Are a $43 Billion Waste of Time for Qualcomm and NXP

Dutch chipmaker can survive the probable death of Qualcomm takeover.

Another victim of the trade war.

Another victim of the trade war.

Photographer: Artyom Ivanov/TASS

After a 19-month saga in which the companies found themselves pawns in an international trade war, Qualcomm Inc.’s tortured effort to buy Dutch chipmaker NXP Semiconductors NV will be resolved this time next week — one way or another.

Back in April, the two companies set themselves a deadline of July 25 to complete the $43 billion takeover, as they awaited regulatory clearance from China’s Ministry of Commerce. That approval is still pending. While Qualcomm is based in San Diego, most of its sales are made in China. Almost 40 percent of NXP’s 2017 revenue came from the country.