Qualcomm announced its results for the three-month period, ending on June 24. Both revenue and operating income have grown on a quarterly and yearly basis, but another announcement also grabbed our attention - the San Diego company is pulling out of the NXP acquisition after failing to obtain agreement from Chinese regulators. Qualcomm wanted to purchase the Eindhoven-based NXP back in February for $44 billion. The San Diego chipset manufacturer got approval from 8 key regulatory bodies, but the 9th and last one - the Chinese State Administration for Market Regulation with the...
Source: https://www.gsmarena.com/qualcomm_growth_latest_quarter_pull_out_nxp_acquisition-news-32437.php
