Trump Throws a Wrench Into Qualcomm's NXP Deal
For a brief moment in the depths of the European night, it looked like NXP Semiconductors NV's stint as a political bargaining chip was finally over. Chinese regulators were set to approve the Dutch chipmaker's $43 billion takeover by Qualcomm Inc., according to South China Morning Post. A mere 45 minutes later, Bloomberg News reported that President Donald Trump had approved tariffs on about $50 billion of Chinese goods, including technology products.