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A $44 billion tech deal that just collapsed is perhaps the biggest example yet of the harm Trump’s trade war can do
The collapse of Qualcomm's proposed $44 billion acquisition of NXP Semiconductors resulted from a lack of Chinese approval. The CEOs of both companies have suggested bigger forces are at play, strongly hinting at the negative effect of the mounting trade war.
NXP Semiconductors NV is rising after a report that China will restart its review of Qualcomm's $44 billion bid for the semiconductor company. The proposed acquisition had been put on hold previously due to uncertain trade conditions between the US and China.
Qualcomm responded ...