Qualcomm sees no prospect for NXP acquisition

December 3, 2018 5:22 AM

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(Reuters) - U.S. smartphone chip manufacturer Qualcomm Inc (QCOM.O) considers the prospect of an acquisition of NXP Semiconductors (NXPI.O) as closed, the company said on Monday.

“While we were grateful to learn of President Trump and President Xi’s comments about Qualcomm’s previously proposed acquisition of NXP, the deadline for that transaction has expired, which terminated the contemplated deal,” a Qualcomm representative said via email. “Qualcomm considers the matter cl...

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