Qualcomm did not give a grand deal
- ATrade relations between the United States and the Middle Kingdom have long been, to put it mildly, not ideal, the parties now and then try to impose sanctions and fines on each other. The result of this atmosphere was the refusal of the Chinese authorities to absorb the American Qualcomm Dutch semiconductor company NXP.
According to the press service of the Chinese Ministry of Trade, the ban on conducting the transaction was dictated by the issues of the antimonopoly, but most experts are sure that it was the uneasy trade relations between the countries that became a stumbling block.
As a result, for the dissolution of the merger, Qualcomm was forced to replenish the Dutch NXP account by $ 2 billion.
According to the press service of the Chinese Ministry of Trade, the ban on conducting the transaction was dictated by the issues of the antimonopoly, but most experts are sure that it was the uneasy trade relations between the countries that became a stumbling block.
As a result, for the dissolution of the merger, Qualcomm was forced to replenish the Dutch NXP account by $ 2 billion.