Brooke Sutherland, Columnist

No NXP Deal, Still Big Qualcomm Problems

The chipmaker has to prove it can get its business back on track.

July 25, 2018 at 10:33 PM UTC

Brooke Sutherland is Bloomberg News' Boston bureau chief and writes the Industrial Strength Newsletter. She was previously a Bloomberg Opinion columnist covering deals and industrial companies and an M&A reporter for Bloomberg News.

Back to square one.
Photographer: Justin Sullivan/Getty Images North America

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It’s not over until it’s over for Qualcomm and NXP, but this deal is for all intents and purposes dead. That leaves both companies with an uncertain future.

Qualcomm Inc. on Wednesday said it would terminate its $44 billion purchase of NXP Semiconductors NV if Chinese regulators didn’t given their blessing by midnight. While Chinese agencies charged with vetting M&A have reportedly signed off, final authorization is still pending after the deal became a political football in President Donald Trump’s trade war.