Qualcomm Centriq branding sits on a motherboard on display at the Qualcomm Inc. stand. (Photographer: Simon Dawson/Bloomberg)

Qualcomm Scraps NXP Deal Amid U.S.-China Trade Tensions

(Bloomberg) -- Qualcomm Inc. scrapped its $44 billion bid for rival chipmaker NXP Semiconductors NV after Chinese regulators failed to approve the largest-ever deal in the chip industry.

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