Qualcomm is done waiting around for China approval, terminating NXP acquisition

Instead of producing two of the biggest tech acquisitions of all time, the booming semiconductor industry remains largely unaltered after Broadcom’s failure to take over Qualcomm a few months back and the latter’s termination of a proposed NXP annexation.

Headquartered in the Netherlands, NXP Semiconductors is a larger and more profitable company than you might imagine, deriving a large chunk of its financial gains from the automotive chip business. That happens to be a very fast-growing market where Qualcomm is not exactly ideally positioned, which is why an already massive $39 billion ...