by Les Sillars
Posted 7/26/18, 12:07 pm
San Diego–based Qualcomm, the world’s biggest smartphone chipmaker, on Wednesday dropped its $44 billion bid to buy Dutch chipmaker NXP Semiconductors after Chinese authorities declined to approve the deal. China, the world’s largest market for chips and smartphones, was the last of nine markets needed to approve the merger. The deal is considered a high-profile victim of the rising trade tensions between the United States and China.