In response to previous rumors that Qualcomm may restart the acquisition of NXP, yesterday, a Qualcomm spokesperson made it clear that the deadline for the acquisition of NXP has passed and the transaction has ended. There is no hope for the acquisition of NXP, and the company will fully focus on 5G wireless Road map.
"While we are happy to hear comments from President Trump and President Xi on Qualcomm's previous purchase of NXP, the deadline for the transaction has passed, making the transaction hopeless." A Qualcomm spokesperson said by email, "Qualcomm believes This matter is over. "
Qualcomm officially responds: will not repurchase NXP, focus on 5G technology
The White House issued a statement in response to the talks between Chinese and US leaders over the weekend, saying that China could be "open to approval of previously unapproved (Qualcomm acquisition of NXP) transactions" if the application can be resubmitted.
Qualcomm and NXP originally reached an agreement in October 2016. Qualcomm agreed to pay US $ 44 billion for NXP. However, due to failure to obtain approval from Chinese regulators, Qualcomm abandoned the acquisition of NXP in July this year, and at the same time submitted to NXP compensated US $ 2 billion.