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SAN DIEGO (dpa-AFX) – Qualcomm smart card management company lost the $ 40 billion buyout bid for European semiconductor specialist NXP after nearly two years. The offer will be withdrawn at the end of the day, announced Wednesday the CEO of Qualcomm, Steve Mollenkopf. Instead, Qualcomm plans to buy back its own shares from shareholders for $ 30 billion. The quarterly figures presented at the same time were also encouraging – the share then increased by more than seven percent at times
The acquisition was still pending approval from Chinese competition authorities – what Qualcomm does not expect in the current trade dispute. At the same time, the chip company still held the Hintertr open that the case in a positive decision of China in the coming hours after the task notice may still persist.
Qualcomm wanted to take over with the acquisition of NXP, among others, in the company with self-propelled and networked cars Boost. Acceptance of the offer was slow, in February, Qualcomm increased the offer to a total of 44 billion dollars. With the withdrawal, Qualcomm will have to pay $ 2 billion to NXP under previous agreements.
In the last quarter, Qualcomm's revenues increased four percent year-over-year to $ 5.6 billion. Profits rose 41% to $ 1.2 billion. Qualcomm is in a bitter dispute with Apple, which weighs down the company. 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 be without Qualcomm chips, said the chip company. Apple used in the first iPhones at least in some areas on the communication chips of Qualcomm. In Europe, however, only iPhones with Intel wireless modems have recently been sold. / so / DP / he
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