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San Diego, CA (APA / dpa / Reuters) – The US chip company Qualcomm is attempting to repurchase more than 40 billion dollars (34.17 billion euros) from the European semiconductor specialist NXP drivers after nearly two years. He will withdraw the offer by the end of the day, said Qualcomm CEO Steve Mollenkopf on Wednesday. Instead, Qualcomm plans to buy back shares of its own shareholders for $ 30 billion
The acquisition was subject to the release of the Chinese antitrust authorities – which Qualcomm does not expect in the current trade dispute. At the same time, the chip company was still the open door that the agreement in a positive decision of China in the next few hours could remain. The acquisition of NXP by Qualcomm aimed to strengthen its autonomous and connected driving business.
The US company also released quarterly results and forecasts on Wednesday, outperforming badysts' expectations. In the third quarter, the company earned $ 5.6 billion (plus 4.2%), while badysts expected $ 5.19 billion. For the fourth quarter of the year, the chip maker reported a profit of 5.1 to 5.9 billion, badysts expected to 5.45 billion. Qualcomm shares rose 4.2 percent to $ 61.87 after hours, and NXP shares were two percent lower at $ 96.42.
~ WEB https://www.qualcomm.com/~ APA565 2018 -07 to 25/23: 27
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