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Since the autumn of 2016, the smart card company Qualcomm has tried to take control of the European competitor NXP. Recently, the release of guardians of the Chinese competition was lacking – and in the trade dispute between Washington and Beijing, Qualcomm loses hope
(dpa) The smart card company Qualcomm gives more than 40 billion A major attempt to take control of European semiconductor specialist NXP was lost after nearly two years. He will retire at the end of the day, said Qualcomm CEO Steve Mollenkopf on Wednesday. Qualcomm would instead buy its own shares from shareholders for $ 30 billion. The quarterly figures presented at the same time were also encouraging – the stock gained more than 7% sometimes after trade
The recovery was still open to the Chinese competition authorities – something that 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 coming hours after the announcement of the task may still persist.
Qualcomm wanted to take over with the acquisition of NXP, among others and network cars are strengthening. The supply was sluggish, with Qualcomm raising its bid to $ 44 billion in February. Under the terms of the agreement, Qualcomm now has to pay $ 2 billion to NXP.
In the last quarter, Qualcomm's revenues grew 4% year-over-year to $ 5.6 billion. Profits rose 41% to $ 1.2 billion. Qualcomm is in a fierce feud with Apple which weighs on the case. The iPhone group wants to impose lower license payments on chip specialists. As a result of the dispute, Qualcomm has not received payments from iPhone vendors for several quarters. In return, Qualcomm accuses Apple of patent infringement.
The next generations of the iPhone should apparently do without Qualcomm chips, said the chip company. Apple used in the first iPhones, at least in some regions on Qualcomm's communication chips. In Europe, however, only iPhones with Intel radio modems were sold last.
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