Watch that Left!

In April,Trump blocked Broadcom’s takeover of Qualcomm. Reason, he wanted to block transfer of sensitive technology out of US and into Chinese hands.
Now the Chinese have shown they can serve the same in kind and withheld approval of Qualcomm’s takeover of NXP. In short mega M&A in semiconductor industry is dead and all countries furiously spending on R&D to gain advantage. Expect to be using Chinese chipsets in your phones and cars in the next 18 months. Think Kirin.
Anyway, reads;

https://www.cnbc.com/2018/07/25/qualcomm-is-preparing-to-give-up-on-nxp.html

Qualcomm terminates NXP deal, will buy back $30 billion of stock
Qualcomm announced its intention to walk away Wednesday night when the company reported third-quarter earnings.
There was still a chance China’s State Administration for Market Regulation, or SAMR, could make a last minute announcement to approve the merger before 11:59 pm ET.
Qualcomm is on the hook for a $2 billion breakup fee.
Alex Sherman | @sherman4949
Published 17 Hours Ago Updated 1 Hour Ago
Patrick T. Fallon | Bloomberg | Getty Images
Steve Mollenkopf, chief executive officer of Qualcomm Inc., holds the new Snapdragon 835 chip during a keynote at the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada.
Qualcomm has formally terminated its proposed acquisition of chip rival NXP, ending a two-year courtship and paving the way for a $30 billion stock buyback, the company said Thursday morning.
“Our core strategy of driving Qualcomm technologies into higher growth industries remains unchanged," CEO Steve Mollenkopf said in a statement.
Shares of Qualcomm rose 5 percent in premarket trading Thursday. Shares of NXP were down about 8 percent.
Qualcomm announced its intention to walk away Wednesday night when the company reported third-quarter earnings , but there was still a chance China’s State Administration for Market Regulation, or SAMR, could make a last minute announcement to approve the merger before 11:59 pm ET.
CNBC earlier reported Qualcomm understood the likelihood of that ninth and final regulatory approval to be very slim, according to a person familiar with the matter, who asked not to be named because the company’s discussions are private.
The expiration of the self-imposed deadline between Qualcomm and NXP leaves Qualcomm on the hook for a $2 billion breakup fee.
Qualcomm first offered to buy NXP, which is based in the Netherlands, for about $38 billion in October 2016, but faced resistance from some NXP shareholders, who were holding out for a better price. Qualcomm upped its bid to $44 billion in February, but the deal has been held up by Chinese regulators amidst a growing trade conflict between the U.S. and China centered around the Trump administration’s imposition of tariffs on some Chinese manufactured goods.
The buyout could have helped Qualcomm, which provides chips to Android smartphone makers and Apple, expand into new market areas like automotive chips.
Earlier this year, Broadcom 's attempt to buy Qualcomm was blocked by the Trump administration over national security concerns.
Forgot to add,ferk @patco

which left shall i watch? ama there’s a watch that left?

don’t worry,you’ll get it soon, think boxing. I saw what you did there though.