Wall Street learned on Wednesday that Qualcomm will no longer be buying Netherlands-based NXP as the company doesn’t think Chinese regulators will rule in favor of it. The company said that it will move forward instead with share buybacks. Qualcomm CEO Steve Mollenkopf stated on Wednesday, “We intend to terminate our purchase agreement to acquire … Continue reading “Qualcomm Cancels NXP Deal and Announces $30 Billion Stock Buy Back”
