Tuesday, 18 December, 2018

Briefing: Xi may consider Qualcomm-NXP deal again, White House says

Qualcomm says it has 'no plans' to revive failed NXP bid Qualcomm says it has 'no plans' to revive failed NXP bid
Rhonda Young | 04 December, 2018, 21:05

White House economic adviser Larry Kudlow said on Monday that President Donald Trump put the issue of USA chipmaker Qualcomm Inc's now abandoned acquisition of Dutch peer NXP Semiconductors NV on the table for talks with Chinese President Xi Jinping.

In talks over the weekend at the G20 summit, Chinese President Xi Jinping said his administration would revisit the antitrust matter of Qualcomm buying NXP if it were presented again. With NXP being the biggest supplier to the industry, Qualcomm could be forced to reopen the deal amidst a grim outlook for the mobile chip industry in the coming months.

The American chip manufacturer Qualcomm no longer sees any salvation in an acquisition of its Eindhoven-based industry partner NXP. The email declared that though the company is grateful for the reconsideration and the comments, the deadline for the transaction has expired and hence the contemplated deal has been terminated.

Lean in? That sh-t doesn't work all the time: Michelle Obama
A recent surplus of negative stories about Meghan Markle have some wondering whether she is the victim of a smear campaign. She continued , " It's not always enough to lean in because that shit doesn't work all the time".

China's foreign ministry declined to comment on Qualcomm during a regular media briefing on Monday. "If at the end of this period of time (90 days), the parties are unable to reach an agreement, the 10% tariffs will be raised to 25%", the statement said. In July, Qualcomm paid NXP $2 billion to completely terminate the planned merger. Xilinx is now vying to acquire Israeli chip maker Mellanox Technologies after it made a decision to run an auction to sell itself, according to people familiar with the matter.

A more near-term test being watched by dealmakers is KLA-Tencor Corp pending acquisition of fellow semiconductor equipment maker, Israel's Orbotech Ltd.

"If that deal came back to him, he would most likely approve it quickly", Trump said.

Cop dies in violence over alleged cow slaughter in Uttar Pradesh’s Bulandshahr
On Monday, the villagers blocked a road, demanding the responsible be arrested for slaughtering cows, Kumar said. Police claimed that some people from the mob fired a few shots from country-made weapons as well.

In July, Qualcomm scrapped plans for a $44bn (£34bn) takeover of NXP after Chinese regulators signalled that they would block the takeover.

Competition regulators in eight countries had approved the takeover.

United States lawmakers also passed reforms earlier this year that increased CFIUS' scrutiny of deals.

Marvel Studios Working On Shang-Chi Feature Film
He's raised in isolation from the rest of the world in Honan, China, where he becomes superhero-level good at martial arts. The film will feature the studio's first Asian protagonist.

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