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What could have been the most important operation of the history was truncated because it had not obtained the approval of the Chinese regulators .
Qualcomm announced that it was abandoning its intention to buy NXP Semiconductors by 37 billion dollars. Despite getting the green light from the European Union, the multinational failed to break the barrier of the Asian country which sees in the transaction a danger of monopoly. In addition, he says, Qualcomm has not been able to make any strong case for unblocking the merger.
According to the agreement, Qualcomm will indemnify NXP with two billion dollars to complete the process. Although disappointed, Steve Mollenkopf, CEO of the company, said the strategy of pushing the organization towards the fastest growing technologies does not change. "We will continue our commitment in this sector with business forecasting of about $ 5 billion for the 2018 fiscal year, 70% more than in 2016. We believe that our technological leadership will bring differential value to our shareholders "From the company will continue to focus on its various business areas such as the Internet of Things, the automotive industry, advanced computing or 5G.
Earlier this year, Broadcom also announced plans to acquire Qualcomm for a record number, but Mollenkopf and the Trump administration paralyzed the agreement
Computerworld. es
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